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To: John Pitera who wrote (37997)5/3/1999 12:52:00 PM
From: Lucretius  Read Replies (2) | Respond to of 86076
 
<< The fact that oil is through the roof and gold and silver have done essentially nothing tells me we have another leg on the downside.>>

matter of interp I guess.. but I see the sharp snapback of oil as corrective in nature in a bear mkt because of the sharpness of the snapback... whereas gold has put in a nice year long bottom and silver has been in a bull for a couple yrs now

MSFT is sub 80.. ho ho.

let's see where she closes....



To: John Pitera who wrote (37997)5/3/1999 1:03:00 PM
From: accountclosed  Read Replies (1) | Respond to of 86076
 


you guessed it

<grub>



To: John Pitera who wrote (37997)5/3/1999 1:11:00 PM
From: Terry Whitman  Respond to of 86076
 
Thanks for that thorough update John. Your check is in the mail. <g>
To my eyeball, it looks like both the XAU and POG downtrend lines have been broken thru. Not by much, but it's a definite start.

BTW- irt fundamentals: My ABX annual report had their price of production at about $80 an ounce. They would still be quite profitable at $200. Not that I'm gonna hold it if the POG breaks 270. <g>

Will be watching that 75.65 resistance level.


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