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To: Ted David who wrote (2671)5/21/1999 10:36:00 AM
From: The Barracudaâ„¢  Respond to of 17683
 
Ted I've got gold as having bottomed in a wave c of 5 in a descending triangle. Plus there's more!! We also have a triple bottom in gold ~$275/oz

If my count is correct we could see a 50$ one day rally now!!

Does he agree with my count and interpretation?



To: Ted David who wrote (2671)5/21/1999 6:17:00 PM
From: Yogizuna  Respond to of 17683
 
Ted,
Thank you for showing interest in us "website" people, by making an effort to get to the bottom of this story on gold.
While I was not completely satisfied (who ever is), Mr. Gotthelf did make a good point about the bank's reasons for continuing to sell gold. (they view it as a wasting asset). I'm sure there is more to the story than that, but it was a good start, and I liked the way CNBC once again replayed market technician John Murphy's "gold is a manipulated/no longer free market" comment. Have a nice weekend! Yogi