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As you know my "gestational cycle" predicts that the market will top on or
around July 1st, 1998. (SEE: http://members.aol.com/grehert/ )
Then, there will be a standard type correction (or worse). I think a
"trigger" could set off the July correction or perhaps one sooner than July.
I have decided what the trigger will be!!!
The trigger will be a rapid rise in the price of gold.. Perhaps $50 in one
week. Then everyone will start wondering if we will eventually have to pay
for all this stock market liquidity that's making everybody rich. That could
be the top for a short correction or for a more protracted bear market.
The reason I have concluded that gold is going to break out to the upside
sometime soon, is that I have decided to sell some of my ABX on strength so I
can buy it back on a 2 dollar pull-back. Whenever I do this strategy, it
never pulls back!
I'm going to sell 500 shares of ABX at 22 7/8 GTC, hoping to buy them back at
20 3/4.
Best Regards,
Jerry Rehert (grehert@xxxxxxx)
"Too much information is no information"
Atlanta, GA
@ 03:28 pm, April 3rd, 1998
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