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<DIV><FONT color=#000000 size=2>Some time ago I posted an analysis on Gold as an
argument to buy goldstocks, which at the time, obviously, was primature. so
let's try again.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>I am seeing divergences every where:</DIV>
<DIV><BR>a) New Low in gold - but not in Gold stocks<BR>b) Lows in gold
but rising bottoms in Silver<BR>b) For a long time the lower lows in
Goldstocks have not been seen In On balance Volume for them - rather the oposite
- it's been rising in many goldstocks, while price has been decining.</DIV>
<DIV><BR>Furthermore, the 78.6% retracement of the Aug 76 low-jan 80 High is at
266.6 and the low was 253.2. False breaks is not uncommon in gold at critical
points (Feb 85 andfeb 96). the false breaks are then followed by a move in the
oposite direction.</DIV>
<DIV> </DIV>
<DIV>The Goldman Sachs Comm Index monthly chart in the "time"gif,
shows that the index turned at a long time support area as well as showing that
nov/dec/98 was and ideal time for a turningpoint point fibonacci wise, which
also seems to have be the case.</DIV>
<DIV> </DIV>
<DIV>the weekly "Wedge"gif shows and explains why we could expect a
dramatic rise in the index. </DIV>
<DIV> </DIV>
<DIV>The seasonal gif shows how the seasonal price pattern is expected to
develop for gold into the end of september. So even if we are not seing a new
bullmarket we could very well see a couple of months risein the goldprice.</DIV>
<DIV> </DIV>
<DIV>And what should indicate a turningpoint? </DIV>
<DIV>As of today we have a higher high and a higher low since the 7/20 low,
indicating the trend is up.</DIV>
<DIV>And not to forget the astro situation:</DIV>
<DIV>We have had many interesting aspects since 7/20 which are covered in
Merrimans Gold Book.</DIV>
<DIV>He is takes note of the Jupiter/Neptune aspect (7/21/99) which he
sees as often associated with major trend reversals</DIV>
<DIV> </DIV>
<DIV>the Sun/Neptun oposition (7/26) is "an important reversal-of-trend
period" (within a 7 day time band, which should include 7/20)</DIV>
<DIV>The Sun/Jupiter Square has "a definite association with trough
cycles"</DIV>
<DIV><FONT color=#000000 size=2>I have included 2 gifs of gold with the
90/180/270/360 degrees aspects of Jupiter/Neptune from 1978 up to date, which I
find very interesting.</FONT></DIV>
<DIV> </DIV>
<DIV>The week had a Pesavento index (astro logical index) of 47 (low of the year
= 46) which in such a case (so low) should be associated with a low in some
market (could be gold...)</DIV>
<DIV> </DIV>
<DIV>Thus, we have</DIV>
<DIV><FONT color=#000000 size=2>1 Importand divergences</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>2 Support in commodity
index</FONT></DIV>
<DIV><FONT size=2>3 Indication of turning point in gold (Dynamic cycles and
astrnomical)</FONT></DIV>
<DIV><FONT size=2>4 Indication of a seasonal rise in gold</FONT></DIV>
<DIV><FONT size=2>5 Indication patternwise of a continued rise in a commodity
index</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 size=2>So I am holding on to my (prematurely bought
gold) stocks. </FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 size=2>regrds</FONT></DIV>
<DIV><FONT color=#000000 size=2>stig</FONT></DIV></BODY></HTML>
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