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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: long-gone who wrote (47984)	2/4/2000 3:14:00 PM
From: Alex	Read Replies (1) of 116753

"The uncertainty in all of the financial markets is being reflected in this movement in gold," he said. "Historically this type of price action is a flight to quality," he added. "On a technical level, gold exceeded last month's highs. Last month was an inside trading month (meaning last month's high was below the previous month's high, and its low was above the previous month's low)," Jesser said. "Being that markets alternate between periods of contraction and expansion, this contraction set-up should lead now to a period of expansion, now that we have left the price range to the upside." "Traders should be aware there could be active hedge removal if the market stays above $305 [an ounce]," Jesser added. cbs.marketwatch.com

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