MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: OVETUS who wrote (7101)	3/8/2001 1:09:12 PM
From: J.T.	Read Replies (1) of 19219

XAU is screaming higher on the break-out now at XAU 55.49 up $2.00 up 3.70%... It doesn't get any better than this... gold up $3.20 to 264.90 silver up 8 cents to $4.50 from last night rydex update: ********************** ...<XAU heat is picking up. This dog won't die when gold bullion pulled back 9 bucks over the past week and XAU trades in a narrow range b/w 52.35 and 53.94 closing prices. Now with lead sled dog all gold index JSE breaking out I expect XAU to follow thru... JSE closed at JSE 1,044.80 its highest close since Feb 27th when JSE closed at JSE 1,094.80. Above that you have to go back 1 year to March 29th when JSE closed at JSE 1126.90. JSE has now had 3 consecutive closes above 1,000 - the first time since last september. We are at the point of no return for gold stocks, XAU and gold... break-out city... We now move into crunch time with the hearing set for next Friday for GATA lawsuit of gold manipulation. If judge decides the case has merit then the case goes to trial for future trial date... If this happens we got the new moon right behind on march 25th... fireworks could get set off big... If the case has no merit and judge throws it out it is not out of question gold breaks 255 support on its way to potentially below 200 an ounce... On the upside if gold breaks thru 269 an ounce this XAU rocket is going to da moon to my coveted XAU 63 with gold spot price to $288- $290. Gold closed at 261.70 up $1.50. XAU TA have held steady of late. BULLISH. XAU closed at XAU 53.49 up 64 cents up 1.2% and 4 cents lower when I exited on the 26th>... ******************** NEM over 18 bucks let it ride... CDE yesterdays trade up 12% in 1 day... Best Regards, J.T. I

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