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

To: Bull RidaH who wrote (32941)	11/2/1998 10:15:00 PM
From: bobby beara	Respond to of 94695

David, I have been amazed at the strength of the XAU in the face of weakening POG. We have seen a mega-volume reversal off the 48 low in the XAU and I think we have definitely seen the end of the 18 year bear in gold. I have one particular stock that I follow as and indicator (Drooy) and I believe we should have one more sell-off in the XAU to find a bottom @ around 70-71. This would have to be cooperative with the POG reversing and the $USD weakening. The $ index looks like it is nearing the end of a bearish flag and the Bonds are crapping out, what's left??? :-) bb