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Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.78-1.2%Dec 31 4:00 PM EST
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To: long-gone who wrote (35691)6/22/1999 2:39:00 PM
From: Rarebird  Read Replies (1) of 116837
 
The XAU is telling me that the next move is UP! It is trading at a substantial premium to the POG and usually leads the Yellow Metal. I hate to be optimistic here but the fact that the XAU has not broken down and has thus far held way above its August 31, 1998 low tells me that it may very well be preparing the Yellow metal for a New Bull market in Gold. NEM, which is completely unhedged, is trading substantially above its August 31 1998 low.
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