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

To: Bucky Katt who wrote (13659)	6/22/1998 5:48:00 PM
From: Bo Bob Brain	Read Replies (1) \| Respond to of 116764

Good call. Silver gapped lower today and could not fill the gap, gold down, but the dollar is really the key. If you think the dollar will continue going down, then the gold market has made a bottom. I feel the dollar is not going down. What Rubin, Summers, and co. did was temporary. Unless the Japanese make real changes, and the market BELIEVES the changes are going to be real (which is a matter of time) gold and silver should head back down to their recent lows. Silver did not go down as much as gold and platinum but should play catch up very quickly. With Clinton going to China, we didn't want the Chinese to devalue the Yuan, (pronounced Yen) which was more of an intervention reason than anything else. Would not be surprised to see the gold market make a low at the same time the stock market makes a high. Look for gold to test support at $293.60, after that, last Wednesday's gap on the chart at $291.30 - $290.20.