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

To: Crimson Ghost who wrote (14767)	7/21/1998 5:22:00 PM
From: Gabriela Neri	Read Replies (1) \| Respond to of 116768

The bond market sold off all last week in anticipation of Greenspan testimony. It is allowed a rebound and due for one. If you think that low at 121-30 in September futures is going to hold, you are dreaming. That is a price spot so obviious that if I were a bull I would be quite worried about this rally having legs. Generally, anything that obvious will not withstand the test over time. One day does not carry any meaningful significance. As I said earlier, expect the gold stocks to head lower into the next few days. After that, its blue sky and if you dont own them, you missed the first leg. Greenspan talk about fighting inflation is great fodder for the bond bulls. Trouble is, it is just talk. Money supply is growing like the blob and the fed is already too late to stop the inflationary cycle from upticking somewhat. Greenspan talks the talk but he DID NOT WALK THE WALK.

To: Crimson Ghost who wrote (14767)	7/21/1998 5:41:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 116768

George, some inklings that the metals are poised to make a run. Silver is breaking out nicely out of the narrowed bb bands and gold is holding in it's narrowing triangle. I take this as a clue that the metals are going to run. I think any selling on the xau here is a buying opportunity. digisys.net An nice up day tomorrow will take out the downtrend line. Nasdaq looks like toast to me. Today the Nasdaq a/d line headed straight down off of a flat ledge it had built from the June 15 lows. bwdik, bb