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


To: Ray DeMoss who wrote (23)5/21/1998 5:50:00 PM
From: Bill Murphy  Read Replies (1) | Respond to of 94
 
Hi Ray,
Our strength is trying to figure out what is really going on in the gold world. Technical analysis is in the eye of the beholder. We do not think there are many others in the world that understand the gold market as well as we do ( we certainly make a supreme effort in that regard ). Anybody who has read a technical analysis book can make and is entitled to their opinion. Many may view any given set of techncial indicators differently.
I see this formation as a coil, pennant, or whatever, that is likely to produce a big move. I think technical analysis is very valuable and believe strongly in its value. For me, this simple chart just gives added
fuel to our fundamental analysis that is so bullish.
How is that for a technically gobbly gook answer?

Regards,

Bill Murphy