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

To: Broken_Clock who wrote (15450)	8/6/1998 7:36:00 PM
From: Don S.Boller	Respond to of 116895

Papaya King: HEY, A GIRL IS ALLOWED TO CHANGE HER MIND!!!!! <eom> Best, Don

To: Broken_Clock who wrote (15450)	8/7/1998 6:35:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116895

Yes, the $298.00 mark was destroyed by fears of devalutaion. I did say that it was a short term oppertunity. And the trend was still down. But if you look at the Gold trend from this chart: cabal13.dyn.ml.org How can any one expect an upward trend in Gold and for that case, the XAU? Since both are showing a building negative MACD. cabal13.dyn.ml.org The XAU is suffering from inflection point volatility, based on currency instability {YEN/CDN} now that the trend for the YEN, is more clearly deteriorating, the XAU should accelerate down to around 52-56, in the coming weeks. {The inflection point fakes out the market place} In comparing a 'World currency'/USD {A} since early 1996, you can see that the trend is up. And by considering Gold as a safe currency, you can apply it as a second 'world base' currency{B}. You can factor out the effect of Gold onto currency, and determine which way Gold as a trend, based against USD, will go over the longer trend{C}. A) cabal13.dyn.ml.org B) cabal13.dyn.ml.org C) cabal13.dyn.ml.org This suggest a lower gold price, maybe 265 by Nov {linear regression} And should the M2 value increase again, due to US Fed, than you can expect a further/faster decrease in Gold. cabal13.dyn.ml.org On 04/20/98 {or so} the M2 rate reached it's local maximum. Since than the DOW 30, has been going sideways and the broader markets have turned downward. This is why you can draw a correlation between M2 and market corrections. Look at 1987 crash {marked in RED} where the downward trend, broken by US FED adding liquidity, was really a removal of liquidity. M2 alone doesn't cause a crash, but with M1, M3, and 1 year t-bills rates you can really find them. Summary: Gold is going down relative to the USD. OR the dollar is going up. A correction will take the Dow down 25%-55% from 9350. Just a matter of time. The longer it takes the harder it'll hit. The baby bear market started 04/20/98!