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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: Little Joe who wrote (64510)	2/26/2001 11:57:00 AM
From: long-gone	Read Replies (1) of 116759

<<The XAU is on the verge of a break out of a head and shoulders bottomds. If this occurs, I look for an rally of about ten points immediately. At that point XAU will encounter strong resistance and probably either fall back or consolidate for a while.>> Wouldn't that depend on how long it takes us to get there? What I'm saying is, When money starts moving into the miners, some people simply put it into gold funds which in part may buy bullion, thus it will feed itself - to some degree.

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