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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: IngotWeTrust who wrote (51736)	4/19/2000 4:54:00 PM
From: TATRADER	Read Replies (1) of 116759

Time for gold ole card... The downward negative trendline on the XAU sits at 58.00...21 day at 57.53 and 50 day at 60.48...We tested the recent lows at 54.24, and held above it at 54.67...A few days ago the XAU provided us with an island reversal, fortunately the reversal was in an upward direction...The ultimate oscillator continues to move up, even moving up when we retested the lows, that is a bullish divergence...I am again looking for a sharp move in next 7 days to the 60.00-62.50 area...Here are price targets for next 14 days on 1.BMG-look for 2 3/8-2 1/2 2.PDG-look for 9 1/2-9 7/8 3.AEM-look for 6 1/2 I very much appreciate Hutch's comments on this thread..They are excellent...However, if Business Week is our contrary indicator, the bull market has now officially begun in gold...Next inflation report, hang onto your hats, as we finally take out 300 POG....

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