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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 (42219)	10/5/1999 8:17:00 PM
From: John Paquet	Read Replies (1) of 116753

Gold DEc NYMEX hit $339 then profit takers like Mr. John Paquet kicked in after all Gold move from that $252 to $339 nearly $90. an oz. A huge move in recent history. Having said that gold has established its gold status no more CB played toys any longer,. As soon gold hit that $339 retracement sit in, but even in NYMEX section gold only went down to $318 and then back up to $334 then back down to $326 at closed. I expect that gold will trade in this range of $315 to $339 for a few days maybe 3 days, like last time move from $252 to $319; only it took 3 days correction. Especially market jitter, Dow looks like gonna having a Black MOnay, FED did nothing but stressed on tighten bias, it indeed added some fuel to this financial system, paving for gold to go even much higher, let say $417.50 at least. Buy at correction sell at rally, make you TITANIC Fortune. John Paquet

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