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

To: Roebear who wrote (14338)5/19/1999 1:57:00 PM
From: Yogizuna  Respond to of 99985
 
Roebear,
It is now official!!! Technical analyst John Murphy of CNBC stated that gold is now a manipulated/fixed market, because of all the sales popping up every time it attempts a decent breakout to the upside. I do hope that people will eventually do something to stop this loss of our trading freedoms, but I'm not holding my breath, as the forces on the side of manipulation are the "powers-that-be", or as some would say, "the one world dictators".
I will continue to add to my core gold stock positions on the significant declines, keeping my average cost basis at fairly low levels, plus selling some calls on the fake out rallies.
Gold will certainly prevail in the very long scheme of things, but right now we have a big problem with the loss of the free market. Yogi



To: Roebear who wrote (14338)5/19/1999 2:22:00 PM
From: Yogizuna  Read Replies (1) | Respond to of 99985
 
I would even suggest that those with "deep pockets" may want to consider buying or averaging down on their gold stocks if they purchased them at much higher levels, as we seem to have some good support coming up here at the 60/61 area in the XAU index. BOCWDIK?
A crash at this XAU level would be very surprising to me, but cannot be ruled out completely. Yogi


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