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

To: PaulM who wrote (16589)	8/25/1998 8:51:00 PM
From: Ahda	Respond to of 116762

Zeev: For once we agree 100% on the near-term market outlook. And once the blue chip darlings get smashed (Dow 7500 or so) and the Fed starts cutting rates, I am looking for a strong rally in cyclical stocks of all kinds, gold included. But now lows are likely first. Darleen, the Turnips reserve the right to change their mind, it does not mean they have to. So far the scenario is going pretty well according to schedule. Right here, up the first week in September, a smallish rally could goo to 8800 on the Dow, but even that seems doubtful, we may have used most of the positive amo from the decline in interest rates (I think that 5.37 will be the floor for few weeks), and tomorrow may actually be a down day. After about the end of the first trading week in January, the wobbling will, in the turnips' opinion, become more severe as the paralysis in Japan spread its damaging vibes on the rest of Asia, and after the Russian malaise spread to its former colonies first and then starts hitting its bankers (Germany, the king pin of the European fortress). Not a pretty picture until the end of October. Of course, we first have to break 8250 before it becomes really ugly, but unfortunately, I think that is a very strong possibility. Zeev techstocks.com