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Gold/Mining/Energy : Gold Price Monitor

GDXJ 142.13

+5.5%

Jan 22 4:00 PM EST

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To: Eashoa' M'sheekha who wrote (50025)	3/4/2000 3:40:00 PM
From: Rarebird	Read Replies (1) of 116900

Taurus, the risk/reward ratio is very favorable for the XAU at this point. Over the course of this year, the risk at this point is about 25% downside and the reward is about 100% upside. I see another big rally in Gold this year, one in which the XAU will participate. I think it comes right around the time of the last rate hike. Whether or not it is another Bear Market Rally that ultimately fails to hold will depend on the strength or weakness in the dollar and in the high tech stocks. You may be selling near a bottom, while the technology stocks may be close to a top. Many of the tech stocks are in uncharted territory. They could turn on a dime any day.

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