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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who started this subject8/30/2002 4:25:28 PM
From: gold$10k  Read Replies (1) of 36161
 
Hi Frank et al,

The resistance target of XAU 70 has been reached and not breached, but the seasonal peak is not usually until mid/late September. Nothing is ever for certain, but I consider it most likely that XAU will either pullback and re-test 70 or else go sideways for a while... then a re-test of XAU 55 in November before the next November to May leg of this bull takes XAU to at least 110. Ever the fence-straddler, I have taken some profits, but still hold 42% golds.

vt
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