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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Bobby Yellin who wrote (42747)	10/12/1999 6:35:00 PM
From: Lightning	Read Replies (1) of 116756

Bobby: When an index (XAU) declines sharply at the end of the day, I read a lot into it :-)! Seriously, was the decline today as significant as the rally yesterday? If you're going to be intellectually honest, my guess is you'll say yes. There was too much irrational exuberance, with prices rising too sharply, for my taste in the miracle two gold week rally. And yes, I did hold mining shares, particularly GSR, prior to the violent move up and (in hindsight) sold too soon. I still expect a decline in POG and XAU to close gaps and bring us closer (if not back to) the now rising moving averages. That will be a low risk entry/re-entry point now that the tide has turned long-term. IMHO of course.

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