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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Brad Bolen who wrote (26646)	9/6/1998 3:54:00 AM
From: BubbaFred	Read Replies (3) \| Respond to of 94695

You are correct about gold price up in terms of the U$, but should be about the same in terms of the mark, franc, and yen. Likewise with crude oil, but to a much lesser correlation. Technically, both gold and crude have been oversold and due for a rebound. Crude oil, heating oil, and natural gas are also in play for Utility companies' Winter stock, and they normally go up about this time of the year. Forecast is for a colder Winter in the US northeast, where there is high population density. Crude may go up to $18 ($17 more likely) to November-December, then it will drop again. Gold may go up to 300-305 (290-295 more likely). Doubt it will go higher than that.