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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.68+5.0%Nov 10 4:00 PM EST

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To: Claude Cormier who wrote (69322)5/17/2001 8:16:28 AM
From: Rarebird  Read Replies (1) of 116753
 
<Gold stocks are no longer in synch with gold>

The Gold Stocks lead the Metal. That is as about as fundamental as it gets in a Gold Bull Market. But then again I don't write a Newsletter. I just pick bottoms and profit accordingly:

Message 14655181

Message 14655257

Any spot future close above $US 272.30 would be a high for the year. Any close above $US 273.60 would put Gold in the black for the year. But the big one would be any spot future close over $US 275. A close of $US 275 or higher would be the best and probably final piece of evidence necessary to conclude that Gold has indeed bottomed out short term and intermediate term.

To be sure, Gold is at a crossroad here.

PS With the Australian $$$ up nicely this morning thus far, I think the odds favor a continuation of the Gold Rally.

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