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Gold/Mining/Energy : CDN. MOMO PUPPIES

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To: Kevin Hamlin who wrote (9737)	9/29/1999 8:39:00 PM
From: The Osprey	of 36688

Here is an interesting post on the KITCO discussion forum: Gold ( $318.00 basis the December Futures contract ) . A short-term ‘blow-off' was seen yesterday as Gold raced ahead to intraday peaks of $329 only to settle back at $310.60 by the end of the day. This should usher in some short-term consolidation in order to digest the very sharp gains seen in the last two days. Initial minor support is now seen at $310.00 and then $298.00. Minor resistance levels are now seen overhead at and $324.00 and $329.00. Near-term parameters are currently seen for a $298.00 - $329.00 range. The intermediate-term trend has turned up with additional potential now seen to $336.50 the May '98 peaks. The long-term trend is now positive with targets to $396.70.

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