Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	1/7/2003 10:14:36 AM
From: longdong_63	Read Replies (1) of 36161

Even though I have been chastized by some, I still think caution is warranted here on gold. The dailies, weeklies and monthlies on PoG are all overbought and extremely above their moving averages. I AM NOT in the Prechter camp but do think we need to kiss the MA's again before we advance further. We seem to have been tracking the 50EMA nicely with an occasional bump to the 200EMA. The 50EMA is now at 331.15...that's where we could potentially head to. JMHO.

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