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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: goldsheet who wrote (88301)	7/24/2002 4:02:58 PM
From: Real Man	Read Replies (1) of 116758

So far gold uptrend channel has not been violated, although that certainly may happen in future. Looks like gold stocks selling has been related more to broad market risk than to POG slide. Dollar has tested trendline, which is down. Were this downtrend channel to continue, the dollar index will be at 94 in 3 months, which will support gold at 350, other things being equal.

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