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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: da_cheif™ who wrote (4229)8/29/2000 12:55:45 AM
From: J.T.  Read Replies (2) of 19219
 
cheif, thanks for a first class post on gold/xau.

I see aug finishes on the 29th (tomorrow<now today>)- the same day as a new moon - typically peak time for gold/xau.

I see today XAU got schwanked again at the bell finishing right at the lows XAU 51.01 - down 79 cents (-1.53%). Now maybe we can invert this seasonal new moon gold peak mystique - hit a low into the new moon tomorrow (maybe already happened today with the +/-1 day escape clause), and run hard north right into the full moon on September 13th.

Maybe its time for re-entry for the long call on XAU Precious Metals (Rydex).

I am liking AU and NEM right here.

XAU 5 day RSI at a paltry 40.46.
XAU 21 day RSI at 44.01.

NEM 5 day RSI at 37.77
NEM 21 day RSI at 41.25

NEM closed at 17 3/4 down 1/4.

AU 5 day RSI at 31.15
AU 21 day RSI at 45.44

AU closed at 19 1/16 down 3/8.

What are your fav gold or precious metals stocks right now.

Do you follow Stillwater Mining Corp (SWC) a palladium play?? Any opinion on this stock?

Best Regards, J.T.
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