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To: 007 who wrote (3383)9/25/1998 11:03:00 AM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
I mean this in the nicest way, but... you're simply incorrect. you need to study cycles. it is VERY normal in L-T uptrends to retrace almost 90% of the gain of each previous upleg. what do you think the '87 crash in the stock mkt was? It was a huge retracement back to the main trendline. The point is they do not go below the previous low, which silver did not. Silver began its uptrend before gold... PERIOD.

BTW- the dollar is filling the gap due to the down opening today at 95 1/2, and so gold is pulling back too. Once the US dollar index fills that gap, it will be free for new lows and gold can hit new highs. BUY MORE.

-Lucretius



To: 007 who wrote (3383)9/25/1998 11:21:00 AM
From: Lucretius  Respond to of 14427
 
hey, meant to tell ya, you're right about gold and silver cycles maybe not being the same the length in duration. I have no idea if they will be the same length or not, I was just guessing. The fundamentals are relatively similar though. Demand is increasing rapidly for gold and supply is not (also there's the huge short position that will add to demand)


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