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

To: bob k who wrote (74)6/9/1998 6:42:00 PM
From: Bill Murphy  Respond to of 94
 
Bob K,
Do not think it is that important, except from a psychological point of view. Some dealers were looking for 5 to 10 %. However, if it spooks producers to hedge on rallies, the move up will be slower than it would have been otherwise.
If the Dutch selling ends soon ( or has ended ), we go up. The end to the EMU related CB selling is the short term key to the gold price, in my opinion.

Bill


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