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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: banco$ who wrote (23656)	11/30/1998 9:37:00 PM
From: Giraffe	Respond to of 116764

From Buysignals.com (pretty good track record recently IMO) Monday, November 30, 1998 Hold Ursa Last Signal Buy Ursa 11/24/98 The price momentum decline which first appeared last week is translating into price weakness in U.S. stocks across the board. There are twice as many stocks down as up and selling volume is double that of buying volume. The weakest sectors are those which lead this last re-run to over-valuation: techs, banking and brokers. The relevant focal point is not Dow 10,000 but the excessive optimism regarding future corporate profits. The Commodities Research Bureau Index (CRB) is at its lowest level since 1992, confirming the encroachment of recession on U.S. consumers. Expected future profits will not be realized and stock prices must resume their downward trek to realistic levels. For now, if stocks only return to the point of Buy Signals call for a 'double top' of November 6th, the minimum loss from Friday's top would be 4%. If fear returns to the market as quickly as complacency did, the bear market may reassert itself ahead of our anticipated time frame and despite seasonal holiday strength. Gold stocks have lost 8% from our 11/24 sell point, reaffirming the importance of identifying momentum failures and placing protection against loss at the cornerstone of successful investment management. Stubbornly arguing for higher gold prices would have been very costly.