To: Ed Pakstas who wrote (3946 ) 4/7/1998 3:13:00 AM From: John Paquet Read Replies (1) | Respond to
Ed,I see your realistic as good signs that DML has not overbought. Who has forecast that DOW hit that 9000, today, who did forecast that gold hit $$820.00 in 1979-180 period,???? As technical forecast, I am very bullish on gold and CWA because I used that 50% retracement concept, IF [that million Dollars IF], I am right, that gold could go as high of 50% retracement level [$$820-$$270]/2=$$545.00,CWA will be $13.45=[$27.00-$.11]/2. Looks at Silver price movement pattern this year, big difference from last few years's patterns, Year 2000, Euro $$ VS US$$, Professor Lester Thurow, of MIT, School of Economics and Management, the former Dean of the Sloan School of Management forecasts the big falls of U.S. dollars, this would help gold price to that $$545 level. IF that gold hits $$545.00/OZ, ICA will be $5.75, CWA will be $13.45 {That big IF again.] But who knows, I am not interested in drilling concept at all; more on global and macroeconomic events etc. Did you check it out that VSE Index breakout that 640 and confirms up trend and that TSE Gold and Silver index [ a textbook DOW THEORY BREAKOUT UP TREND CHART PATTERN.]This also would help that 50% retracement concept.
