Forum Archive Index - April 2000

[Derek Watt <dkw@paradise.net.nz>]

For anyone interested in which way gold (hence the gold shares) may
go in the near future here's a posting from -

http://www.kitcomm.com/cgi-bin/comments/gold/display_short.cgi#start

Interesting line about the next Nasdaq support level being 2500.

--------------
KAPLAN'S CORNER: QUESTION: What is likely to happen with the Nasdaq, and
how will that affect the price of gold? ANSWER: The Nasdaq Composite is
sitting right on a critical support level. If it holds, it could have
some sharp up and down days as it retests support; this high volatility
should be strongly positive for gold. If this level doesn't hold, the
next major support is all the way down at 2500, so the Nasdaq could
quickly collapse, which would likely trigger a sharp rally in the gold
price. The only negative scenario for gold would be a gradual, sustained
recovery in the Nasdaq, which is the least likely to occur from a
historical perspective. Today's bullish key reversal in the CRB index
augments the likelihood of a near-term rally in gold.
------------------------

For Gold investors there is also a very interesting article at

http://www.the-privateer.com/gold6.html 

(too big to post but well worth reading).

Regards Derek

(disclosure - own some otr, also like gold fossicking)






-----------------------------------
Derek Watt
http://members.tripod.com/DKWatt/
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