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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Rarebird who wrote (61722)	12/5/2000 2:12:50 PM
From: Little Joe	Read Replies (1) of 116764

Rarebird: Couldn't agree more. Look at charts and none of the stocks even made it into the stiff overhead resistance. It is a simple fact that this resistance will have to be overcome and barring some seminal event that makes it clear that the price of gold will go up. i.e. some new use for gold that will utilize a significant amount of gold for industrial use and/or an all out market crash, or something similar it is going to take a fairly long time to overcome that resistance. However once we get to 300 or so, it could move very quickly after that. Over the recent month or so it has been acting better, but I just don't see a long strong move soon. Live long and prosper, Little joe

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