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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (170)	5/5/1998 9:46:00 PM
From: Richard Mazzarella	Respond to of 972

Gold forecaster updated: wavechart.com . Short and intermediate term still a sell, but short term may signal a buy tomorrow. The long term is still a buy, but shows a top at 90 XAU.

To: Richard Mazzarella who wrote (170)	5/5/1998 11:58:00 PM
From: Dan P	Read Replies (1) \| Respond to of 972

Richard: I suspect that taking the short side of the main market is probably not very risky, but one could continue to see upward progress and continued erosion in the "bear" funds. However, I am starting to see some weakness in the main indices (e.g. the S and P) so we might be closer than I expect. Political views aside, there are those who think that our leader might be in trouble sooner than later and no question in my mind that a serious challenge to his presidency could cast a pall on the market. By the way, the dollar index just hit below its 200 day moving average for the first time in about 5 months, and with some firming in the metals, oil, and the CRB, albeit modest, we may start to see some signs of inflation. I can imagine that the establishment, given only the alternative between inflation and deflation would without a doubt, choose the former. Regards Dan