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Re: Time for Gold???



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>From owner-realtraders@xxxxxxxxxxxxxx Thu Jan 14 15:15:52 1999
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>From: Dick Webb <dickwebb711@xxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Subject: Time for Gold???
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>We all know that gold has been in a down trend for years, but my E
>wave count says it is time for gold to go up. Any opinions???
>
>Thanks
>Dick

 ...Hi Dick & RT's,
                   I don't know about your E wave, but in my opinion I 
think that gold will be in a channel for a while until Bill's 
impeachment is through and the court has made it's ruling, which will 
not be a good one(IMHO). After that the market will go into a buying 
frenzy of the should-be reserve to be able to ride through the rough 
times while the Dow makes a correction(major/minor). Besides, shouldn't 
the member countries(with weaker currencies) of the EU be buying gold to 
offset the difference of their currency for the transition to the 
Euro?(I'm not sure... comments anyone) and that would also put pressure 
on the physical. Gold hasn't been this low in approximately fifteen 
years, I think it's time for a ride up bulls street.

yes it's time,
Wayne 
   


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