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Re: Rich1 post# 10775

Friday, 08/02/2002 11:27:26 PM

Friday, August 02, 2002 11:27:26 PM

Post# of 704049
Sorry for the slow reply Rich. Regretfully, I have been 1 to 3 days off with my market timing lately. However, I said in June that if 1250 broke, I'd look for 1150 next... a 50% off the top year. Support levels still make that a real possibility.

Some are calling for a Black Monday. I say it's Tuesday at greatest risk. In that case, gold could reach a fresh peak Tuesday or Wednesday am.

However, I'm not too worried about a fall below 1150.

As for my earlier miscall on gold, I apologized for that misread last night. I was lucky to get out of my HGMCY short with a 9 cent/share loss.

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