The afternoon/evening entertainment has started...

-- Holy Shhhh (you're@too.late), October 04, 1999

Answers

Just checking in . Notice that as of 5 P.M. CDT, Asian gold markets are open at kitco. Last article I saw, which was only mid-last week, said that gold had resistance at $308 US.. Well, unless it re-tests that, that marker is now behind us.The support given then was for it to hold $286 US. I believe this was in an article I dug out from either gold-eagle or another gold site. Anyone have any updated support/resistance levels? I also posted last evening about the Kondratieff cycle, and the discovery during research by James Dale Davidson about the price of gold target during DEFLATION expressed as a percentage of the peak hit during the INFLATIONARY portion of the Kondratieff cycle. Turns out that gold peaks 8% above the INFLATION-ADJUSTED PEAK hit during the inflationary part of the cycle. That would put the target for gold at almost exactly $2000 US/oz. For information only!

-- profit_of_doom (doom@helltopay.ca), October 04, 1999.

Go Max!

-- David Lee Roth (Diver Down@Van Halen.ou812), October 04, 1999.

But..but..but...Decker said...this couldn't happen!

-- a (a@a.a), October 04, 1999.

For the latest gold prices:
http://www.kitco.com/gold. graph.html

Sincerely,
Stan Faryna

Got 14 days of preps? If not, get started now. Click here.

Click here and check out the TB2000 preparation forum.

-- Stan Faryna (faryna@groupmail.com), October 04, 1999.

Hang on tight.

-- Bill (y2khippo@yahoo.com), October 04, 1999.

Where IS decker the last few days? :-)

-- A (A@AisA.com), October 04, 1999.

Well...for what seems to be the first time in a while, gold actually went up some after the Sydney market opened. In less than 10 minutes the Hong Kong market should open. It always seems to be volatile. It will be interesting to see if this evening follows suit...

-- nothing (better@to.do), October 04, 1999.

Gee, anybody remember when gold was over 800 dollars an ounce when Jimmy Carter was president?

ZZZZZZZZZZZZZZZZZZ

-- You are driving people (away@from.this forum), October 04, 1999.

Yes I remember when gold went up to over $800 an ounce. I was a teenager and it amazed me that people who bought for $110 an ounce now had this amazing profit.

-- Diane (DDEsq2002@juno.com), October 04, 1999.

Diane,

He obviously doesn't have any gold himself, probably never thought it was important in his preps, but he sure has a bunch of sour grapes though, huh?

-- Gordon (gpconnolly@aol.com), October 04, 1999.

Hey Gordon... well I didn't really understand what the point of his message was... like... how is that boring? Oh well..

-- Diane (DDEsq2002@juno.com), October 04, 1999.

Gold $332 at 11:40 Eastern. Go Max!

-- Mike Lang (webflier@erols.com), October 04, 1999.

Prophet of Doom...

Hey Proph,

You might want to check out the thread I started "On Golden Pond" which includes a fairly thorough but brief technical analysis of gold, along with a primer for newbies on what the gold market it really all about and how the pricing works and what really moves that market. Support stretches from about $295 or so to about $315 on the basis of Dec 99 gold. You've got a flag/penant seeming to be in formation now on Dec Gold, and a definite penant on Oct 99 gold. (basis--Daily charts). Look at the weekly charts for Dec 99 Gold and you'll see what is apparently perhaps still the formation of a longer flagpole perhaps indicating much further movement ahead. Then, take a look at the Historical Charts going all the way back with monthly bars to 1975. Look at the formation just beginning to form now. It looks like the bear has broken and a new trend is now in the development stage that is more of a long term bull. Oscillators also are confirming this on the daily and weeklies basis. Still too early to see it on the historical oscillators.

I stated in the above thread, that I see the chart formation showing a flag/penant indicating at least an impending move to $370 (Dec-99) probably by end of the month, maybe in 10 days...but we really need a few days of lower prices to see this market really form a strong technical flag/penant. The overnight Asian market may have altered that into a ragged formation that may portend a ragged rally that falters. Also, there is still a risk that $330 resistance may still hold this market down, particularly if Soros has stopped buying. I don't yet think there is enought public buying to overcome the shorters IF they're done rolling out of shortcoverings. I suspect most of this rally has been shortcovering, though I suspect Soros and a few other big boys were in on the 9/28 buying spree. I suspect he's been absent the market since then. Just a hunch/guess on my part based on the way the pricing action has followed/trended in the last 5-6 trading days after bright Tuesday (9/28).

Hope this helps you.

-- Dick Moody (dickmoody@yahoo.com), October 05, 1999.