MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (37711)	1/21/2000 7:10:00 AM
From: Rarebird	Read Replies (1) of 99985

<Tuesday I believe is gold auction day, will be interesting to see if gold can join the commodity party.> Tuesday is the 4th BOE Auction. The XAU is sending very ominous signals. It is telegraphing a substantial drop in the POG. It has not responded to the rise in the CRB Index, which in itself is quite ominous. I think the XAU can easily make new lows below the 48 level before it rallies very strongly. The dollar is quite strong and so is growth. Those factors are killing the XAU. If we add rising short term interest rates, the short term outlook for the gold mining stocks is quite bleak. The XAU desperately needs this bubble to burst. Otherwise it is in serious trouble.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next