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To: wlheatmoon who wrote (36968)	4/29/1999 6:52:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Mike, I think crude is near a 3 month top and will not go above the 18-19 $ level in the next several weeks, I think it can have a decline over the next 6-12 weeks back to the 13-14$ level. Gold, I am worried that we may see a decline down to 250 in the next 3-5 months, short-term we have a rally underway especially in the xau. I don't think that gold will get over 300 an ounce before testing the 279 low of Aug 1998 I don't like this downtrendline it has to deal with on the dp chart decisionpoint.com the london gold fix has had 3 horizontal bottoms this past year and there is a good chance that this is a ledge that gold can fall off of and head lower. I am being a bit of a contrarian to the relative bullishness I have been hearing....sorry gold bugs. I think we are within a year from a huge long term buying opportunity in gold and silver, I just suspect we may need one more new wash out low, something like that nikkei decline to 13000, after holding 14300 repeatedly since 1992 here is the nikkei decline tfc-charts.w2d.com lowrisk.com