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

To: Terry Whitman who wrote (28919)	9/25/1998 1:47:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

TW, I think gold can go much higher. The shorts are covering now to get out of the coming blitz in gold and the xau. Investors are becoming more risk averse and that has been what driving the treasuries up. However the treasuries are way way overbought and I expect a reversal in treasuries very soon, especially with the declining $USD. Some of that money will roll over into gold and gold stocks. I expect one more possible test of the 200 dma on the SPX, maybe by FOMC, by that time the 50 dma will be crossing the 200 and kabooooom. Today Quaker Fab got cut in half and used earnings deficit due to compliance on Y2K problem. KO's meeting with analysts was described as glum. All the mickey mouse corporate accounting is catching up to this bull, earnings momentum has been rapidly declining since late 95, while stocks have been going up a rock cliff - recipe for disaster. bb