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To: Enigma who wrote (15339)8/5/1998 1:48:00 PM
From: bobby beara  Respond to of 116779
 
>>> In the distant past if the market went down gold and gold stocks went UP<<<<

This is a new era, E and as Wall Street Louie sezs gold is dead!

NOT!

I still hear tons of bearishness and disinterest about xau and gold even from equity bears. Maybe the death of the xau short selling thread is an indicator of disinterest, which can be taken as a contrary indicator. 99.9% of the public can make every case against gold.

THATS WHY I LIKE IT -GGGGGGGGGGGGGGGGGGGGGGGGGG-

The market is in meltdown mode until we hit the 4/8 year cycle low later this year. The $USD will lose some of it's polish along with equity prices.

The equity bulls have been lulled into complacency and don't listen to the bears anymore and probably one too many times.

The gold bulls have been faked out one too many times and have thrown in the towel to a large degree also.

Something has got to give and that double bottom on the XAU @61 with an inside out reversal on the POG, sounds like poetry to me - but i'm kinda wierd -gggggggggggg-

bb