To: Pierre J. LeBel who wrote (1755 ) 5/17/1998 1:09:00 PM From: John Paquet Respond to of 2505
Pierre, It is true that CWA follows that Gold even CWA is searching for that pots and pans of Ni, Cu, Co etc. When that yellow metal go higher prices, it indicates inflation, when inflation is in the scene for example, when that gold hit $545.00 [which is equal to 50% retracement of that all time high to this 18 year's low.] we mean high inflation, by inflation we mean a time of generally rising prices for goods and factors of production-rising prices for breads, cars, houses,rising wages, rents, and investors invest their money into mining stocks [it doesn't have to gold or silver, when inflation in time NicKle, lead, copper, and other base metals prices will be sky rocketing too.] or invest in buying a sacks of flour makes a great money profit during this unforeseen inflation. The real example that was happening during 1990, 1991, 1992, 1993, and 1994 when GOLD went up from $300 to $417.00.. Prices rise between the time investors buy and sell their stocks. When greater inflation is occurring the prices rise like the 'ell, the cost of living increases, In period of great inflation, every reckless FOOL can be a great stock player. so long he or she is in THE RIGHT SECTOR---MINING STOCKS.{NOT IN INTEREST RATES SENSITIVE STOCKS because interest rates will go higher. Pierre, did you check this 5 month gold chart and our CWA chart, didn't they have the exactly same patterns, gold hit $315. in April which was when gold went down in November, and went down to $295.9 during last 14 days and came back up to that $301.70; above that $300.00 again. CWA went down by breaking that important .25-.26 support line in November, and went back up in April to that .25 and went down this last 14 days to that .155 -.16 support line. Did you see this is exactly the same patterns, as far as the timing, pattern and structure go etc..{note both went down in November and both went back up in April.] I hope you will get this right. And good luck!!! John...