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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (15572)	4/6/1998 9:43:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Just a reminder I recomended gold funds Mar27..on this thread. BTW we should not just take out 9000 today..we should close above it. While the bears fought this last week fairly hard they are the ones that will push it up, they don't have a many alternitives at this point but to cover. Were a year ago longs were margined..this time it's the Bears on margin one or two more pops and some hedge funds will damm near go broke..last I looked prudent bear was margined almost to it's limet. As toppy as this market is it's the Bears that are buying it up. As they lose money left and right that money goes right make into the market. They underestimated how strong the cash flows in Mutuall Funds would be and have shorted , and covered and shorted and covered..and shorted and covered.. and shorted..to the point of going on margin..when they get cleaned out the market will fall, but not untill then. Jim Mean while the people who declared gold as dead, are already being proven dead wrong. ( but I'm not seeing this as a long term push ) but look for 350 anyway.