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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (10021)4/16/1998 1:06:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116790
 
Vickers insider buy/sell indicator now in bearish territory for the first time since last fall.

argusgroup.com

But this will be just another correction unless bond yields go over 6%, gold moves above $320, and the dollar gets hit.



To: bobby beara who wrote (10021)4/16/1998 8:49:00 PM
From: bobby beara  Respond to of 116790
 
Oil (ANOTHER Bobby's 2nd favorite subject -ggg-) and Gold, bad brothers at it again.

digisys.net

Oil will meet stiff resistance at 17 bucks on that chart and I think gold will meet stiff resistance at XAU 87. After a short term spike, I would expect continued selling.

This scenario would complete a five wave correction in the XAU and my target is the 81-2 area for support.

IF (big IF) my thesis is right, a short on the XAL will come in for a safe landing.

bwdik - no guarantees from the management,
bb