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Gold/Mining/Energy : Gold Price Monitor
GDXJ 145.00+2.0%Jan 23 4:00 PM EST
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To: long-gone who wrote (39268)8/19/1999 10:54:00 AM
From: Rarebird  Read Replies (2) of 116912
 
The most recent rally in US stocks was of the bear market or corrective nature. That was as clear as noonday light. A decisive close below S@P 1280 would be very positive for the XAU and POG, along with a resumption in the decline of the dollar.

The XAU desperately needs to hold above the 66 level on a closing basis before the S@P and NASDAQ break to lower lows for another upleg to materialize.

Life is a battle, a war between bulls and bears.
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