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Gold/Mining/Energy : STOCK MARKET CRASH....CONTEST! -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (139)5/21/1998 5:14:00 PM
From: Bo Bob Brain  Read Replies (1) | Respond to of 163
 
Even the big boys have to create liquidity. Buffet announcing his silver purchase and Soros with his position in the British pound after the fact.
Looks like a dead cat bounce in gold and silver... bonds, the dollar,
June S&P cash, in a boring trading range...Greenspan basically saying that we'll feel the effects of Asia during the third quarter. Looking for one more high in stocks... one more low in gold...before a major turning point in gold and some other commodities.

McClellan Oscillator readings:

NYSE= - 81.6 Summation Index = + 323
NASDAQ= - 135.8 Summation Index = -408

Long term trends may be about to turn within the next 3 months.
Have a great weekend!