Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Street who wrote (17692)	9/5/1998 8:13:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116770

18 year down tread - an investor who plays the odds would like an 18 year down trend followed by three major tests of the bottom and a sharp reversal over the Dow which is now below its 200 day m.a. (it seems) with many key stocks also indicating technical breakdowns. Whether this is a short term rally or a rally to much greater heights hardly matters - in this time of monetary crisis it seems unlikely that we will see another test of the bottom. When gold really gets moving it moves by leaps and bounds - even when threatened by large official sales. I remember the US Treasury auctions in the 70s when 600,000 oz were offered at a time - it was like pouring gasolene on the flames. Also the funny thing about all this talk of an 18 year downtrend is that one can talk this way until $850 is taken out!! - maybe in 18 years time? So Don - you could have another 18 years of fun ahead of you? Possibly much less - how about 3 years (just a guess, could be 4!) E