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

To: Bobby Yellin who wrote (15031)	7/30/1998 9:35:00 PM
From: bobby beara	Read Replies (4) \| Respond to of 116756

Hi Bobby, I'm back -ggg- We are getting very close to a capitulation bottom in the XAU. I think we will see soon a sell-off to 61 area and an immediate reversal to make a nice double bottom in the XAU. I'm getting a wave count out of the drop from the triangle that shows we are in wave 4 and should have the final drop from here. I would look for a one or two day bullish engulfing reversal then kaboom. The long bond is in an h&s pattern, broke thru the neckline and reversed back up to the neckline today. I would look for a reversal in the long bond here, so we may not be that far off. We are having a dead cat bounce in equities. Good place to get out and sell short imho. it's beara time - long gold - short equities. bb