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To: Lucretius who wrote (46721)	6/12/1999 1:00:00 PM
From: Jorj X Mckie	Read Replies (3) of 86076

Hi Luc, I post my gold stuff to you since I can be such a valuable contrarian<g> P&F on Gold XAU - Currently at a double top resistance at 62. A move to 63 would break this resistance and give a buy signal from a pretty low level. Strong support at 59. NEM - Big support at $17, but would take a significant move to generatee an actual buy signal. ABX - Very similar chart to NEM with good support at $16.5. Lots of resistance at $23. A move to $24 would be a blue sky breakout indication. ASA - Lots of support at $16. Essentially the same thing as ABX and NEM...surprise, surprise. Precious metal bullish percent is at 28 and is at a "bear confirmed" status. If you remember, I said that the time to buy gold stocks (for me) is at P&F support levels and the time to sell is when an actual "buy" signal is generated. With where the XAU is right now the support and buy signal levels are very close so I may take another speculative position in NEM OTM calls with July expiration. It's kinda like playing the nuts:-) JXM

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