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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: LLCF who wrote (50912)	3/30/2000 1:05:00 PM
From: Rarebird	Read Replies (4) of 116762

It's broken. The only question in my mind is whether the 48 level will hold. I think not. HM and PDG are not acting today like the decline is over: they are forecasting further weakness as we speak. Their is not enough despair in Gold land yet for the decline to be over. A break of 48 on the XAU will do it. You'll start seeing massive liquidation and true capitulation. Every gold bull will be proven wrong if that takes place. I'll buy into that.

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