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To: SJS who wrote (3665)	10/2/1998 5:22:00 PM
From: Broken_Clock	Read Replies (3) \| Respond to of 14427

Steve, I sold gold too early two days ago and re-entered at the close today. I will stick with my plan of re-entering when xau broke and held 80 with gold holding 300. There is now way too much emotion running on gold now but ya gotta go with the flow-g-. NEM is such a freight train when it gets moving. There was lots of profit taking today in golds but NEM & ABX were solid....another 5 million share day on NEM. Gold should move up to test 320 within two weeks. I was targeting NEM at 34 with gold at 318ish but I'm thinking that the emotional element will drive it higher to the 40 area. If gold breaks up thru 320 then 335 is the next level. Personally, the gold rally has blown me away. I believed it would happen, but the reality is way more powerful than I thought. This looks very real. Course, I've only been waiting since July, 97 for this to happen and I've seen about 4 good head fakes in that time frame. One thing to consider: The overall market isn't even aware of what is happening in gold shares yet. Wait till you get consistent volume days like MU, Compaq, etc. Lastly, watch the secondary shares like asl on Monday. If asl breaks and holds 10, bmg breaks and holds 7.50 then the xau will firm on out.