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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: F. Evans who wrote (42216)	10/5/1999 7:57:00 PM
From: Tunica Albuginea	Read Replies (4) of 116753

F.Evans:I am getting ready for the next ride: $290 to 328+ ? That ought to be another wild ride!!!!! Fed watching.....inflation surging....Fed still watching... thinking......more inflation of printed greenbacks...... Washington bickering.......CNBC pontificating...... Gold surging ...and surging....... Sounds good to me Frank. When do we start? <ggg> back later TA Message #42216 from F. Evans at Oct 5 1999 7:28PM Rarebird..... >>We must close above $328 today<< That didn't happen. How does that change your outlook if it changes it at all? I firmly believe that gold has moved a bit to fast..(albeit because the panic shortcovering)...in my opinion, (and I do not profess to be a gold bug), I see it taking a bit of a breather for the next few sessions as it retraces back towards the $300.00 level, possibly down to some $290 support...if and IF, she wants to blow higher, this retracement will be healthy for the next push upward. Remember, it did come down sharply off it's 24 high to close up just over $6. Gold stocks got sold off sharply at the close which could spill over into the morning trading.... comments anyone? Frank

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