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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 (80)7/9/1998 8:10:00 AM
From: bob k  Read Replies (1) | Respond to of 94
 
Ok Bill, I'm a very patient guy, but how near is near? And after near, how do you envision the rally prior to the end of this year and as we approach the Y2K nervousness. I looked at the XAU chart of past rally's and noted a pattern of 10 to 14 month rally cycles. If this pattern occurs again, irrespective of XAU price, a peak should occur between April and August of 1999, within the confines of possibly a major multi year up-trend (just speculation). I'm usually absolutely correct about (without analytical knowledge) trends and cycles, as I also believe that a monster rally is just ahead.
But, I'm absolutely wrong 99% of the time in timing. I purchased my collection of gold stocks much too early...... now sweating profusely!