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Gold/Mining/Energy : Royal Oak-RYO

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To: roger fontaine who wrote (481)	11/13/1997 1:46:00 PM
From: JCgold3	Read Replies (1) of 1706

Roger The Southam contest looked like fun (a lot more fun than the gold market has been) but its only open to Canadian residents which rules me out. The next 2 days are critical to gold stocks. The XAU ended at a critical support level yesterday at 86. If we don't hold here it will be another leg down. So far this morning we've gotten a bounce to the up side. IMHO that this is the start of something good as I haven't witnessed an oversold condition like this in a very, very, long time, if ever. RYO has been going down in low volumes which is more good news. Let's hope we can call this a significant bottom and buying opportunity in future months.

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