2 replies to this topic

[no_mind]

he comes up with...you quessed it, an update. Being I'm always giving the weatherman/woman a second chance, I'll give Adam Lass one more, but if the XAU goes much beyond his 86.65 he mentions below, no more updates for me. As the XAU closed today at 85.82, with a high of 86.44, he's leaving himself very little room for error.

05/21/04
For gold, the next two months will be quite peculiar.

I am working on a chart using monthly candlesticks of the XAU now for the next issue of Taipan. The conclusions it offers are quite remarkable. First of all, you can expect the modest recovery currently underway in senior gold to extend at least another point (it is at 85.9 as I write). This, however, will be its maximum high for the next two months. This is not to say that it is a good candidate for further shorting at this time.

Rather, I see a period of 30 to 90 days during which time the XAU will pinball between 76.79 and 86.65. It is only at the conclusion of this interregnum that the drop will resume. At that point a short play 30 days in length with targets of 73.41 and 58.73 would be appropriate.

More to come on this soon…

Adam Lass

Chief Prognosticator, WaveStrength

[swanstkdh]

He sounds like freakin blustar. Oh well these are the same guys that recommended lu at 60 in late dec 1999 saying it was a safe investment. Now it is at what 3 something. i'll pass. swan.

[senorBS]

He puts Senor to sleep and surpasses my owb BS, and that is no BS. Senor