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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (12730)6/8/1998 9:09:00 PM
From: Giraffe  Read Replies (1) | Respond to of 116818
 
>>That must be one fine tuned instrument or it is completely out of wack.<g> For the long term to be a sell, gold would have to stay under 300 for the next two years, correct? <<

Its worth remembering that longer range tools often lag the market - which can mean missing some of the action.

On the other hand, when (and if) they turn, the signal is more significant.



To: Broken_Clock who wrote (12730)6/8/1998 11:32:00 PM
From: Richard Mazzarella  Respond to of 116818
 
Papaya, actually the gold forecaster long term has been a buy, but now sits at the sell point. The reason I have been calling it a sell is because the momentum of the signals are towards a long term sell. I cautioned before about anticipating a buy or sell, and must admit guilt in doing just that. The long term gold trend has been down, I just anticipated that continuing. That could be an error. In any event the short and intermediate term forecasts are solid buys. We have been warned not to worry about the future, today having enough problems of its own. <VBG>