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

To: Gary who wrote (10207)4/20/1998 1:04:00 AM
From: bobby beara  Read Replies (2) | Respond to of 116762
 
Gary don't have the URL handy. I'm leaning for a final sell-off in Elliott terms, but I think we will know the direction within a hour or two of Monday open.

POG can hold 298 and still be in the channel, even a slight break of this wouldn't be bad. Many times at big turns there is a small percentage throwover (just like March 20th)

With XAU 78-9 area is the up channel line, so I'm thinking 77 would be a very strong support to watch.

I'm expecting wave 3 of 5 in the dow in the next week and this big move would draw money out of mining stocks that are now in a consolidation phase and many are not so sure that this is a bull yet.

bwdik,

thanks and God bless,

bb



To: Gary who wrote (10207)4/20/1998 1:16:00 AM
From: Abner Hosmer  Read Replies (1) | Respond to of 116762
 
Gary -

Just got another freebie from David Marantette and his cycle work is also calling for a possibly sharp selloff. His reasoning is a little complex, maybe someone who has a better grasp on it than I do can post a brief synopsis.

regards - Tom


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