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

To: Eashoa' M'sheekha who wrote (15961)	8/16/1998 2:06:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 116877

From a the Gold Stock Technician (a newsletter I recently subscribed to) "... a bear market which has depressed our GST Unweighted Index down by 85% over the past 18 years. Put another way the GST unweighted index (which contains juniors) is now at the lowest levels seen since early 1974 levels . . . If the XAU was trading at an equivalent reading, it would be trading at approximately it's January 1974 reading of 19." --- What we have here folks is the Great Depression in Gold Stocks (DOW lost 89% of it's value) and the XAU majors are masking the real EXTREME weakness of the entire complex. While the XAU is making somewhat of a double bottom, the juniors are crashing, real capitulation. The Gold Stock Technician is also calling for a crash up in gold stocks and technically feels we are very close to a bottom. GST is a newsletter that follows both the XAU and the Equity markets. Highly recommended. bb