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

To: long-gone who wrote (26801)	1/22/1999 4:38:00 PM
From: Giraffe	Read Replies (1) \| Respond to of 116770

<< <<Comparison of current internet stock mania with late 70's gold. Cute chart.>> >>So, time to buy gold, or a little late? << I don't expect we'll get another gold frenzy like the late 70's - after all, how many tulip manias has the world seen? - but I can't see gold moving much lower than it is now. I think there may even be another big blast upwards for the internet stocks. The peak should be right around the time I give up and trade in my gold stocks for YHOO. :)

To: long-gone who wrote (26801)	1/22/1999 4:45:00 PM
From: Giraffe	Respond to of 116770

<<Comparison of current internet stock mania with late 70's gold. Cute chart.>> Someone else picking up the same theme today ... buysignals.com Here Today - Gone Today - Back Again All those worries that threatened to decimate tech stocks continued into this morning's hours, evaporated this afternoon, then returned - just another 5% one-day swing. The NDX 100 Index (The OTC Fund, Intel, Microsoft, Cisco System, Dell) was the only sector attracting buyers' attention and that evaporated disturbingly quickly at 3:30. In the past eight days, the OTC Fund has changed 17.4% in price: -9.3% +7.4%, from $45.25 to $44.45 (3:30 p.m.). Somewhere in the middle Buy Signals identified a price turn and capture 2.7% in two trading days separated by a long weekend. This 'accomplishment' is testimony to the design of Buy Signals' investing strategy: Avoid the market most of the time (Eliminate surprising losses.) Avoid stocks entirely when Wall Street's anxiety level increases (Bypass 'volatility'.) Identify and capitalize on price turns (Capture profits.) As those predisposed to a rising market attempt to rationalize this broad market decline as a 'normal correction', we recognize January 21st to be a possible major market top, correlating heavily to the commodities mania which peaked on January 21st, 1980. Yahoo's collapse looks very similar to the first drop in gold which marked the bursting of that bubble. New 52-week lows are expanding and declining issues far outnumber advancing issues. E-Bay's IPO holding period expires on Monday. Those 24.5 million shares may be sold for the first time on Tuesday after their earnings announcement. Its earnings are not the concern. The internet stock sector has been shaken by 50% losses. The risk to all stocks is that an explosive move to sell E-Bay shares could ignite a second leg down and completely undermine general market complacency. Cash is a great haven for the weekend and the beginning of next week. Those of you who have funds invested in our Managed Investment Accounts may rest easy and enjoy your weekend!