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To: Lucretius who wrote (57184)	8/18/1999 10:34:00 PM
From: pater tenebrarum	Read Replies (4) of 86076

yep, today's decline was on heavy volume, not good...otoh the XAU stopped right at the 200-dma and if you look at the XAU chart it is extremely volatile at times. we'll see tomorrow if the 200-dma holds; if not, we'll have another retest of recent lows, which is getting to be boring but is not unusual considering the longevity of the gold bear market. look at copper, before it started up it had a failed rally, made a lower low and then exploded. gold is so oversold by now it should really show some signs of life at some point. the problem is that too many people still believe in it... re.longevity: this is also true of the bull market in stocks, which is why it is so flaming hard to kill and keeps coming back...

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