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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: Lucretius who wrote (47781)2/2/2000 1:07:00 PM
From: Rarebird  Read Replies (2) of 116759
 
Contrarian Indicator? Look again. I call it the way I see it. I possess no Absolute stock market religious view, as you do.

The XAU will probably hit new lows in conjunction with new multi year highs in the Dollar Index before the winter is out The dollar index is trading over 105 and in a blow off mode. Gold and the XAU are in serious trouble.

This is a one day relief rally IMO. It will probably evaporate tomorrow. On the other hand, if your scenario comes true starting tomorrow, I would welcome it.
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