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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.04-1.4%Nov 17 4:00 PM EST
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To: gold$10k who wrote (70402)5/25/2001 5:54:43 PM
From: Square_Dealings  Read Replies (1) of 116762
 
Prices should move up next week as the banks are probably now on board the mining stocks and have cleaned out all the weak hands in XAU and bullion. There is some talk of possible Swiss currency intervention over the weekend, fwiw. I expect the rally was shorted heavily enough for the big guys to set up positions. Next week is the tell.

If you were short a lot of gold it would definitely be wise to try and profit on the way up and down. I would do the same thing.

M.
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