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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (13685)	5/12/1999 5:25:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 99985

"... that gold was dead as long as Alan Greenspan helped to "control" that market. " Isn't Greenspans term up in June?

To: Yogizuna who wrote (13685)	5/12/1999 9:17:00 PM
From: Roebear	Read Replies (1) \| Respond to of 99985

Yogi, That's one point I have to agree with, gold is on life support. However, Alan apparently can only control some of the time, note the performance of gold (represented by gold equities in XAU) from mid 93 till the beginning of 97. bigcharts.com That is a long period to be out of control, the XAU was well above a 100 most of that time frame, making most XAU components a double plus from current levels. Will it happen again?? What precipitated it the first time. Was it a combination of things such as Soros putting the screws to the pound in 92? Does Wolanchuk (sp?) forecast for the C dollar indicate something similar in the future or the large amount of money going into circulation, the trade deficit, etc etc yadda yadda. Well, I believe it enough to put some of that NEM I pick up at the "Quarterly Bottom Pickers Golden Blue Light Specials Rack" aside for long term. Just look at that nice bottom on the MACD on that ten year chart. Of course if Gold is Dead than that could be the ceiling of the crypt for that part of my portfolio, yet I remember well when they said equities were dead circa 1981-1982? Wasn't that the time to buy, yes indeed. Good luck all, Roebear Edit, Look at the XAU range for this year, no need to wait to make a double, if you can tape read the yeller junk.