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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Paul V. who wrote (4928)7/21/1998 4:32:00 PM
From: Mr. BSL  Respond to of 34811
 
Hi Paul. We should always on the look out for sectors that turn up from below 30%. The Precious metals sector, BPPREC, is currently in a column of O's at 26%. Chartcraft gives the next gold P&F buy signal at $316 an ounce. If gold hits $316 and the BPPREC reverses up and the chart for the American century gold fund (BGEIX) looks good, I plan to take a small position.

best regards,

duke60



To: Paul V. who wrote (4928)7/21/1998 4:52:00 PM
From: Al Serrao  Respond to of 34811
 
Paul V, gold has a habit of rising when no one expects it. It also rises before interest rates rise on the long bond. And, it rises during a bear market in stocks. I always keep an eye on for the above reasons. It is the quintessential leader. Its the big red flag. When you see it moving you know somthing is wrong.


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