Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Byron who wrote (5975)	5/10/1999 7:47:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 81139

From Kaplan: <At 3:24:20 a.m. EDT on Friday, August 28, 1998, gold touched $270.50 per troy ounce, its lowest spot price since May 30, 1979. Not coincidentally, the U.S. dollar topped out the previous day. As with the prices of the shares, the triple bottom for the yellow metal has been recovered, while the downward trendline dating back to the first week of February 1996 serves as key resistance. Spot gold briefly broke above this downward trendline in March 1999 but could not hold; it briefly touched $275.50 per ounce in the morning of Monday, May 10, 1999.> I see momo taking pog to a new low. XAU showing relative strength....perhaps pog drops then xau slowly grinds down? I was expecting a faster collapse in the xau.

To: Tom Byron who wrote (5975)	5/10/1999 11:32:00 PM
From: Tom Byron	Read Replies (2) \| Respond to of 81139

if one was to count the number of weeks from that late sept, 1998 low, we are now into week 36 for the xau chart. week 38 would end on Friday, May 28th, which so happens to be the LAST trading day of the month. ideally, it could give me my new monthly low and new weekly low on that date. (May 28,1999). walla!!! new weekly low, new monthly low, end of the 9 waves down from early 1996, and THE END OF THE BEAR....all so nice, in a nicely perfect world....:) gureetom @ spinning webs in his head...[*0+:]