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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (37977)	5/3/1999 11:41:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 86076

no, IMO.. the gold stocks are going to price in (now) $400 gold by year end... that means we should see some sort of euphoric/panic blowoff up to around 150+ ont he XAU w/in the next few weeks. At that point they will likely get dumped along w/ the rest of the mkt when it crashes and they'll pull back to Oct 1997 levels before heading higher again late in the yr... the timing of those moves is just a guess.. but that's what I think you're going to see price-wise. the gold shares look at the gold mkt 6 months down the line just like the rummey stock mkt looks at econ conditions 6 months down the line...