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Gold/Mining/Energy : Gold's Six Month Base Near Completion -- Ignore unavailable to you. Want to Upgrade?

To: kitkat who wrote (3)	5/17/1998 12:09:00 AM
From: Bill Murphy	Read Replies (1) \| Respond to of 94

Not quite sure of where you are coming from in your statement. Whether we are right or wrong the amount of intense effort that goes into our analysis is supremo. I will tell you this. We have recent confirmation that our thesis that among other things, Central Bank EMU related selling has buried the market, and that only about 100 tonnes is now left. When that ends, the huge normal deficit of excess demand over supply ( according to our calculcations ) will drive the price of gold up sharply. It will, in our opinion, go up and down, but reach $370 to $400 within one year. More importantly, and this is an alert, a very big move up is coming very soon. When the last tranche of EMU related selling ends, which should be soon, the market will lift sharply as specs buy and producers ( not in the know ) try to cover. Bill Murphy Veneroso Associates.