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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.21

-0.4%

4:00 PM EST

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To: Canuck Dave who wrote (66894)	4/2/2001 7:23:58 PM
From: gold$10k	Read Replies (1) of 116815

30 year bond yields look pretty toppy to me. Resistance @ 5.5 and bearish candlesticks. stockcharts.com The US dollar also looks toppy with a bearish hanging man candlestick today and a potential double or triple top. stockcharts.com OTOH, gold appears to be making a double bottom @ 255 with its $255 value from mid-February. A bigger double/triple bottom would be with the $252 from August, 1999. stockcharts.com Of course, it's always possible that the POG will go lower, but what are the odds and what would be the consequences? It would be extreme, but maybe a move below $250 with the CBs selling everything is what's needed to give birth to the gold bull... Jim Rogers thinks so. Moreover, given the huge upside potential and the potential angst of holding a losing position, how do you profit from all this? I don't think there's an easy answer. BTW, Jim Rogers was the guy who shorted gold @ $600 and watched it go to $800 before it fell to earth. He held on and made a bundle. vt

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