PHILADELPHIA GOLD AND SILVER INDEX: XAU Message Board

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Gold/Mining/Energy : PHILADELPHIA GOLD AND SILVER INDEX: XAU

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To: Wade who wrote (26)	3/19/1997 9:22:00 PM
From: Dan P	of 28

Wade: Gold was up $2.50 today, and a very significant move! After the initial runup above short term and intermediate trend lines, it corrected down to them, and has now bounced back up. All we need now is a more sustained move up, and we can declare the bear trend history. By the way, Investor's Business daily has a %advisors bullish sentiment indicator, that is bearish above 55 %. In Dec 1996, this index recorded 56% ! I have seen very little press on that, but this has proved to be a good leading indicator. Today, I noticed that the new lows exceeded the new highs for the first time i quite a while. Very interesting..... Regards Dan

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