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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Bruce Robbins who wrote (6034)	12/17/2002 10:23:37 AM
From: TrueScouse	Read Replies (1) of 39344

Bruce: While I agree that the Elliot Wave prediction of a retreat to $200 is highly unlikely (and terrifying!), I'd be surprised if the POG just sails through the $340 to $345 area without a major battle. My long-term charts (monthly, London PM fix) show the 22-year downtrend line now at $343. London fixed this morning at $341 and this afternoon at $339. Spot touched $343 exactly overnight. It's 7 years since the POG last touched this line, and it would be highly unusual to go straight through a trendline of such significance. If it does (e.g. if tomorrow's London PM fix > $343), then that would finally confirm the bull market for me! Optimistic, but still waiting for "the big one"... :^) Best regards, Howy

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