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

To: Little Joe who wrote (11647)	5/15/1998 12:04:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 116835

LJ, Head January 12th Shoulders December 8th March 20th The thing that clearly markes this as a bottoming pattern is the 50 day period into December 8th. Can you imagine a more vertical drop other than a 1987 style crash. At that point miners where selling below book value (some way way below book value and still are) and most gold fund managers didn't own any gold stocks (they were short selling them though -g-) and we had the Death of Gold story. That was the bearish flush, Now it's time to buy the dips. No plunger necessary -g-, we are just walking the wall of worry now. When it hits seventy nine, it would be a fine time, to spend a dime, on your favorite mine bobby b

To: Little Joe who wrote (11647)	5/15/1998 12:12:00 AM
From: PaulM	Read Replies (3) \| Respond to of 116835

Little Joe, I don't pay much attention to technicals or short term swings but there seems to be price movement in Asia tonight. That's something I'm always looking for. If the Asian crisis does end up driving those people into the yellow metal, there may be no end to it. It seems that whenever their currencies stabilize, there is buying there. But I suspect what that means is just that there is ALWAYS steady (not overpowering) buying there, its just that its not as visible when the dollar is going up as well.