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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (2453)	12/6/1998 5:31:00 PM
From: Tom Byron	Read Replies (3) \| Respond to of 81138

Sitting Here At The Library Waiting For My Shot Of Cuppacinno To Kick In: did a little chart work. extended the following XAU and London Weekly Gold charts out to mid-June, 1999. (my call for a bottoming in the gold shares and the end of the bear market in the XAU index which began in 1996).... the extended bottom and top channel lines on the xau show that the xau will put in a bottom around 20 in mid-June, 1999 (if several hundred gold bugs simultaneously collapse in cyber-space, can anyone hear it).. the london pm gold fix would have a potential low of 215 at that time. of course, these are the LOWS.. we still have the upper channel lines to deal with..so one can say that the xau and/or gold could close anywhere in between the upper and lower channel lines.....BUT on major climatic sell-off (bottoming of a long term trend) things have a way of being extended on the downside. (seems that the price tend to move further down that one can believe... Here is the URL for the xau and london gold (pm fix) charts:(one can draw in their own extended lines) site034179.primehost.com so I pick the 215 low for gold and the XAU closing in the low 20's... I previously thought that gold would close under $200 but that was when i was only "eyeballing" the charts when i made that prediction a week or so ago... tom @ a guru who changes predictions in mid-stream is sometimes considered "all wet"...:)))