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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.87

+3.9%

Jan 6 4:00 PM EST

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To: Zardoz who wrote (72873)	7/5/2001 10:39:07 PM
From: long-gone	of 116842

<<The POG-XAU ratio is actually an oscillator. You are now on the XAU increase as the POG falls... this means that when the ratio corrects, as all oscillators must do, the ratio should fall. And that means the XAU should fall. And that's when you'll see the big boys bumping into each other on the way through the doors. Give it < 2 weeks. The lower the POG goes the harder it is for the Ratio to climb. >> Perhaps, if so, it is telling us PoG will quickly reverse(or at least heavy hitters are betting so) and will continue to move in at least the current 255-298 ranges. If you look back to November 2000 gold was range bound with a lower 250-267 range & XAU got down to the 42-43 range. When the XAU breaks below 46-47 & (of far greater importance) HUI breaks below 55-56 the heavy hitters will have left the field of play.

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