re sinclair's 'ides of march'

  1. dub
    30,732 Posts.
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    Hi,

    Taylor's latest article on Gold Eagle includes the following -

    ... In the March 1, 2004, issue of his "Chart Works" publication, Bob Hoye suggested to his clients that from a technical point of view, it is important that gold rise above $410 within 10 trading days, which would be by March 15. If gold does rise above that level and if it can take out the $431 level, we could be looking at $540 gold by August.

    On the other hand, he also paints a worst-case scenario that would more likely challenge our investment strategy. He suggests that if gold fails to close above $410 by March 15, we could be looking at a much deeper correction. In that event, he thinks gold could fall as far as $320 and that this decline could last for the better part of a year and that it would coincide with a dollar rally within its longer term bear market.
    ...

    So Sinclair is not the only one looking to 15th March for some significnace.

    bye.dub

    ps. ASXBoard.com is starting to look good IMO.
 
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