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Re: PENNYPRINCE 1 post# 304785

Saturday, 10/02/2004 10:26:03 PM

Saturday, October 02, 2004 10:26:03 PM

Post# of 704044
Hi James, yes I believe these will do well during this period although both may be ready for a slight consolidation period to relieve the overbought conditions, but I do not believe the overall trends will change. The price of Oil will most likely be a contributing factor to the pullback (should we get it) and Gold will most likely continue to be perceived as a safety play. The only hang up for Gold is the double top resistance area in the $430's and the dollar should it strengthen. JTMO -just this mooses opinion...

Looking very bullish, but needs to move through the August top


Break of that double top and the flood gates may open, does not look like gold revisits sub $400 if the pattern holds true


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