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To: bobby beara who wrote (15070)	7/30/1998 9:44:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116756

Hi- 41,000 block went into asa one million cross on uptick by greenline in abx huge block into abx.ir looks like interesting hope all is well bobby

To: bobby beara who wrote (15070)	7/31/1998 3:39:00 PM
From: Giraffe	Read Replies (1) \| Respond to of 116756

>>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.<< Great call on the sell off - down to 62.5 with most of the drop in just a few hours. Hope you're right about the reversal. Today's action certainly puts the XAU into oversold territory.

To: bobby beara who wrote (15070)	7/31/1998 7:05:00 PM
From: Zardoz	Read Replies (5) \| Respond to of 116756

"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." Really, I show a break down of the POG which will cascade to a new low within weeks. Thus I see the XAU following gold down. Maybe you are having an extension of wave 4, {or whatever they call it} and a new wave 1a being formed. But I see redemptions of mutual funds occurring, breakdown of the bond market, lack of yen support: Message 5371207 And a full fledge deflation worldwide, followed by a BEAR-a market. BUT with the one excpetion... an increasing USD. Thus driving Gold down, with the US equities. 25-55% from 9350 high. Mind you, with the next currency crisis, just North of the USA border, maybe I wrong? It'll take 'MAYBE' until NOV {I'll update later} before the USD starts to have it's currency problems. But than all this can be traced back to US M2 flows {Really, Greenspan said it himself} "To determine the markets, one only need to watch M2" {pharaphased} Give me a site with all greenspan comments, and I'll find it. PS: This is my world. Imported DEFLATION to the USA. And I'm a Monetarist.