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To: SJS who wrote (4133)	10/13/1998 11:41:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 14427

yes, but it is all about timing. It would be a spike bottom before a large move up to even higher levels. It depends on whether safety money flees from stocks (when they roll over) to the bond mkt or out of the country into gold and other currencies thus dropping the dollar. Eventually it will make its way out of the dollar, so we go up, but whether we crash up from here or pull back and then crash up is the question. The answer is stay long and if ASA breaks 20, it will likely go to 18 1/2 and we should back up the truck there. If ASA and XAU begin to fly on higher volume... pile on cause we'll never see these levels again. I am leaning towards the latter scenario as the golds have rallied off their bottoms and vol is picking up.