Forum Archive Index - April 2004

["Allan Potts" <ajp7079@excite.com>]

Baabaa,-----------

I've been under the impression that Bob P had forecast a gold top of appox. US 
$428 which it reached just prior to the last three month dip.  It reached just 
above that today aat $428.60 before faling back to a NY close of $427.90 and 
currently $426.40.---------------------------

You state in your post the the E wave guys are now looking for $430 to $432.  
Maybe I'm behind the times.  Please bring me up to 
date.---------------------Allan 




 --- On Wed 03/31, Baa Baa < baa_baa@hotmail.com > wrote:
From: Baa Baa [mailto: baa_baa@hotmail.com]
To: sharechat@sharechat.co.nz
Date: Thu, 01 Apr 2004 01:07:00 +0000
Subject: [sharechat] US$ POG & POS

US$ price of gold closed the month over $420. This is significant for many 
<br>of the permabears, indicating (finally) that the secular bull has locked 
in. <br>Elliottwave sources are watching $430-432 to renege on their bearish 
views. <br>NZPOG has a minor trendline breakout but as long as the NZD is in 
lockstep <br>with the USD, this will dampen NZPOG prices. Of course it's all 
still <br>tightly related to the USD, which people can see took a dive 
overnight.<br><br>Similar story for USPOS putting on a fireworks show this 
month closing over <br>$US7.90 up significantly in the past few months. Even 
NZPOS has soared into <br>life as the forex effect hasn't eroded gains quite as 
much. For example, <br>Kiwi coin shops holding 33gm proof (92.5%) silver 
collectables, some of the <br>less desirable mints/patterns are selling for a 
tiny premium over spot, <br>where only 6 months ago they were double spot, or 
more of course if actually <br>numismatic too. Just an 
observation.<br><br>Finally, my fav chart, the Gold:Silver ratio. 
<br>http://stockcharts.com/def/servlet/SC.web?c=$GOLD:$SILVER,uu[w,a]daclyyay[de][pb5!c14][vc60][iut!Lb14!La12,26,9]&pref=G<br><br>best
 to 
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