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Gold/Mining/Energy : PHILADELPHIA GOLD AND SILVER INDEX: XAU
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To: Bobby Yellin who wrote (5)11/14/1996 7:26:00 AM
From: Dan P   of 28
 
Bobby:

The XAU has moved up sharply, and gold bullion has also moved through
an intermediate trendline. Now, We need to see if this gold rally
is for real, or just a tease. Many of the big producers, e.g. PDG
have moved up sharply from basing patterns, looking very much like
break-outs. Time will tell whether this is the real thing,
but it looks very promising to me.

I suspect that the juniors will follow in the not too distant future,
and that again the gains in this sector will eclipse results in the
big producers.

Dan
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