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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%Dec 5 4:00 PM EST

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To: Ken Benes who wrote (47203)1/18/2000 7:33:00 AM
From: Keith Monahan  Read Replies (2) of 116796
 
I agree with your assessment of ABX / NEM. I used to trade ABX as an XAU tracking stock, but switched to NEM more recently.

As for gold in general, I believe this week is critical. Looking at a weekly chart of the XAU, we actually have a series of higher lows dating back to August 99. We are currently sitting right on that trendline. If we bounce off that line, short-term target of 71.5 on XAU (to fill gap on daily chart).

Currently long, for now.
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