In her book,Street Smarts Linda Bradford Raschke describes a trading setup called The Holy Grail. ADX above 30 and rising, then a retracement in price to the 20 day moving avg. Buy a breakout of pevious days high. Now check a chart of Dec99 Comex gold.

-- Robbin James (robbinjames@sweetwishes.com), October 20, 1999

Answers

But first prices will drop enough so those who are deeply hedged can "catch-up"?

Just wondering

-- dw (y2k@outhere.com), October 20, 1999.

An old market saying: The market tends to go where it will cause the most participants the most pain. Or something to that effect. For gold I think that might be up.

-- Robbin James (robbinjames@sweetwishes.com), October 21, 1999.

A retracement before the next up-move. A buying opportunity. $360 next...

-- Andy (AUVENGER@cs.com), October 21, 1999.

Andy, Could you mosey to the Silver Rounds post and perhaps put your 2 cents (or should I say 2 gold coins worth) in for me? I value your advice and appreciate all you've contributed to us (now thanks to you LOL) Gold and Silver buffs. I'm glad I got into the gold and silver preps and have learned a lot. Beats sticking that stuffy money into a bank that is never seen.

-- Debi (LongTimeLurker@shy.com), October 21, 1999.