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


To: Bill Murphy who wrote (68)6/8/1998 6:51:00 PM
From: dospesos  Read Replies (1) | Respond to of 94
 
Bill: I posted this here in May. Since time was more the point than price, and since August gold never closed a week below $293, we are I think vindicated even if we missed by 1-2 days...;-)

"To: K. Andersen (1 )
From: Thomas Drake
Saturday, May 16 1998 6:22PM ET
Reply # of 68
Our work supports a similar conclusion. Our cycle analysis missed the January low by 3 days. We have a very important cycle nexus for 2-3 June. This could well be a lift-off. Projections run from $340-388 for this current cycle. A weekly close below $293 would invalidate our position........."