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Gold/Mining/Energy : Gold Price Monitor
GDXJ 143.68-4.5%Jan 29 4:00 PM EST
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To: E. Charters who wrote (90935)11/7/2002 4:55:06 PM
From: Real Man   of 116938
 
Euro breaking out of the 30-day trading channel. The target is 1.05. Should give USD index a push down to below 100. It will be strange to see long term 103-105 trend line to go without a fight, but Euro projections are higher, and it's 57% of that index. Besides, the $usd index is no longer oversold. Every 1 down for USD index counts as $3 up for gold. With the next support at 90, I would expect gold to trade at 360.
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