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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: loantech who wrote (88295)	7/24/2002 3:25:52 PM
From: goldsheet	Read Replies (4) of 116758

We went from 41.61 to 89.11 in 18 months 50% retracement would be to 65.36 2/3 retracement would be to 57.44 We broke 57.44 intraday, which "almost" makes it look like the rise (November 2000 to May 2002) was a bear market rally (starting in February 1996) instead of a new bull market. I do not know. XAU gapped down to 56.05, filled it and went back over 60, which is a good thing finance.yahoo.com^XAU&d=c&k=c1&a=v&p=s&t=5d&l=on&z=l&q=l I'm afraid we are going to see a lot of consolidating and bouncing around 60ish to build a new base over months, instead of just jumping back up quickly. I will give the markets a little time to tell me what they might do, but meanwhile I'm very tempted to buy some stuff and quickly sell it into any rallies. P.S. Yes, I'm pissed at myself for not flipping GFI for a quick $1 today ;)

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