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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.00

+2.0%

Dec 22 4:00 PM EST

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To: EasyWay who wrote (75896)	9/5/2001 11:43:23 PM
From: gold$10k	Read Replies (3) of 116822

Easy, here's how I see it. XAU bounced off of its 50 dma... stockcharts.com and so did HUI... stockcharts.com and gold is in a trading range between 271 (its 50 dma) and 275. stockcharts.com The 50 dma could hold or we could break down to the 200 dma, which isn't all that far (except for HUI). I wouldn't expect anything major to happen before next Wednesday's BOE auction. Besides, your own discouragement (and mine) is a good contrarian indicator that we may approaching a turning point (like maybe next Wednesday), BWDIK. vt

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