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

To: KAZHAK who wrote (75)6/9/1998 6:35:00 PM
From: Bill Murphy  Respond to of 94
 
Kazhak,
Right on target. Ted Arnold is a forever bear. They probably have substantial hedge business too which they get from producers. That business is obtained by being bearish.
The next few days are critical. If we hold and move up it will be very positive technically. Silver stocks on Comex made a new low today.

Bill



To: KAZHAK who wrote (75)6/9/1998 9:10:00 PM
From: Bobby Yellin  Respond to of 94
 
ps those four huge crosses in ABX..only saw one or two 100,000 blocks
sold at lower price today :>
since USA is 85 percent service economy and Greenspan's hands appeared
tied..what a recipe for incipient inflation
(I would hate to think what would have happened to price of gold if
the Europeans said they didn't need to back their currency with any)


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