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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: long-gone who wrote (85746)	5/23/2002 10:25:03 PM
From: E. Charters	Read Replies (3) of 116837

Two thing chart wise. We are the end of a 17 month gold bull from 255 to 320 with nary a drop back except for two hills in 2001. That is an average of 3.82 a month price rise. By "end", I don't mean that it is a cusp, turn around or inflexion, just that we are always in the present at the end of the data stream. Normally gold goes in long cycles. It's like beer brand popularity. Once its starts to move, there is no stopping it. Number two if you go to kitco.com and click on 24 hour live charts you will see that for the past 3 days the rise in gold price is all New York, Comex from 9 to 1.00 PM with a bit of London PM overlap. Then it plateaus for the rest of the day. Curious. Don't know what to make of it. Also look at the 60 day gold chart. It is really getting steep. It looks like gold is on a breakaway. Remember that is how they discovered Canada. A Newfie hockey player got a breakaway and when he looked up, he was skating on the St. Lawrence. EC<:-}

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