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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Richard Mazzarella who wrote (47519)1/26/2000 11:26:00 PM
From: Rarebird  Read Replies (4) of 116762
 
The XAU and the POG are on the verge of Collapse. The complete breakdown of HM over the last 8 sessions and especially PDG today is very ominous. It's only a matter of time before NEM and ABX follow suit. I don't see how the August 98 low on the XAU will hold once ABX and NEM break down. New lows are coming. The Question is how low? 45?43? 38? 33?

Although a dead cat bounce is possible any day, it's clear the XAU does not want to rally. It has some unfinished business on the down side. So does Gold.
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