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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

4:00 PM EST

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To: russwinter who wrote (76748)	9/17/2001 10:24:25 AM
From: CuriousGeorge	Read Replies (1) of 116753

New York PRECIOUS METALS December gold soared upon the reopening of trading on Friday as uncertainty over the financial community triggered a flight-to-quality move on the part of investors. December posted its highest close since May 18th of this year. However, electronic trading was halted shortly after the opening due to technical difficulties. If the rally resumes once trading begins again, May's high at 301.80 is December's next target. This week's rally has turned a number of short-term momentum indicators bullish signaling that additional gains are possible near-term. December silver closed higher on Friday and are poised to test the upper boundary of this summer's trading range crossing at 4.345 in the near future. Multiple closes above this resistance level would confirm an upside breakout of this summer's trading range and would open the door for a larger-degree rebound into fall. This week's rally has turned short-term momentum indicators bullish signaling that additional gains are possible during the balance of September. gold-eagle.com

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