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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	5/22/2002 1:12:35 PM
From: augieboo	Read Replies (4) of 99280

Gold will peak at $330 - JP Morgan By: Byron Kennedy Posted: 2002/05/22 Wed 12:00 ZE2 \| © Miningweb 1997-2002 JOHANNESBURG - While consensus among technical analysts has it that gold's rally has the potential to continue to $330 and beyond, JP Morgan's London-based technical analysis team is warning clients long of gold to "exercise an increasing degree of vigilance given the potential for a bearish reversal". That verdict is based on a number of technical factors including an Elliot Wave count, momentum-based oscillators, the metal's price action, as well as moving averages and actual bullion positions, according to Craig Ferguson, Head of Commodities technical analysis at JP Morgan Securities. mips1.net

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