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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

4:00 PM EST

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To: Alex who wrote (53371)	5/30/2000 8:15:00 AM
From: TATRADER	Read Replies (2) of 116767

as Hutch would say, "Children what happens at the first of the month? The shorts cover!" This is the second downward wedge XAU has made..As we all know a downward wedge is bullish..This wedge is higher than the last wedge, and I agree with the post that our bottom is in with POG at 270.00...However, I still have XAU logged in trading range from 55.85-61.75...We break the 50 day at 57.85 should make our first attack at upper end of band at 61.75...As I submitted last week, giving a 7 point spike from consolidation at 56 area, we are looking at 62.50-63.00 on next upmove...

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