Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby beara who wrote (10240)	4/20/1998 11:42:00 AM
From: Gary	Read Replies (2) \| Respond to of 116895

I'm optimistic about gold prospects but keep my mind open to other the possibilities. There are so many positive articles posted here about gold that it is healthy for me to keep things in perspective. I agreee with your comments but my take is that the May / July action for gold will point the direction. Your thoughts?

To: bobby beara who wrote (10240)	4/20/1998 5:08:00 PM
From: Little Joe	Read Replies (1) \| Respond to of 116895

Bobby: I agree with you. My experience has been these Elliot Wave predictions are pretty good prediciting short term bottoms and tops but not great on long term bottoms and tops. Prechter was predicting a top in the stock market for years and it hasn't happened yet. However the cycles have been fairly reliable in the XAU for some time now and I suspect that a top will be made late April/May. I think the market will be weak for most of the rest of the year, as gold stocks trace out a bottom. It seems to me that a lot more basebuilding needs to be done before we can expect gold or the XAU to move through the overhead resistence. I believe that the higher this rally extends itself the sooner that time will come. Having said all of that, I would be willing to change my mind if the market action justified it. Live long and prosper, Little joe