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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.90

+0.9%

Nov 18 4:00 PM EST

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To: John Paquet who wrote (58534)	9/21/2000 1:32:00 AM
From: John Paquet	Read Replies (2) of 116762

For last 15-20 trading days, oil price shout it up from $28 to near $38 nearly non-stop. Wednesday is the first time that oil price looks very tired. Having said that, I anticipated a good correction od oil price is due to come. Let say oil goes down to that $30.00 and US dollar index will fellow through. US$$DX will be down to 110 or 100, Based on this analysis, gold will start to go back up so will XAU. The key is that oil price and euro dollar { in terms of US dollar index}. That oil price trading pattern looks very very tired, overly overpriced. It went up it has to go down, in the same token, gold it went down it has to go up. This is very simple market theory--common sense theory. John Paquet Good luck to all

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