Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Zardoz who wrote (71345)	6/8/2001 5:15:04 PM
From: ItsAllCyclical	Read Replies (1) of 116764

>> that retrenchment in price on gold.. 1:30pm - 2:00pm...show you it's a bogus rally again. So enjoy. << BS... I don't mind having a devil's advocate or even shorts on this board. It's good not to get too bullish, but come on??? I've seen some TA folks make predictions based upon the last 30 minutes or the first 30 minutes of trading, but never have I seen anyone call an entire move based upon 30 minutes of inter-day trading. So you can accurately predict where gold is going over the next 1-3 weeks based up on those 30 minutes? More importantly the 30 minutes you speak of doesn't show anything strange given the size of today's move. You destroy your credibility with such absurd statements. Fact is that gold has pulled back from almost $300 and held above $265 for the most part and it failed to retest previous lows. I'd call that bullish. The longer we move sideways without retesting or making new lows the more bullish it is for gold going forward. (Taking the long view). Also gold has held it's head up in spite of the dollar making new highs. The HUI has lead gold prices so far. I continue to see that trend. Pull up a 6 month chart of GOLD, HGMCY, NEM, DROOY, HM etc... They are not giving ANY indications yet that this is a "false" rally. Still cautiously bullish.

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