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.

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

To: Brad Bolen who wrote (30923)	10/8/1998 8:23:00 PM
From: bobby beara	Respond to of 94695

Brad, gold stocks held up remarkably well in the sell-off today, showing extremely high relative strength. On certain technical measures they are in an extreme historical overbought condition, however the market indices were the same in february and march and continued upward. After today's action, I would expect the gold stocks to be sideways for several more trading days, to work off their overbought condition, preparing for a blast off. The $USD will continue to be underpressure as the strongest are the last to fall in any crises. I really like SWC's chart. Platinum and Palladium are very underfollowed and unrespected precious metals. bb