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Gold/Mining/Energy : Gold: Pick the Top, Call the Bottom
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To: At_The_Ask who wrote (21)1/27/2003 10:50:54 PM
From: Gabe Heti  Read Replies (1) of 78
 
Hold on a sec. A top is defined as the highest level reached before a 10% pullback. Thus far we've had a less than a 1.5% pullback. What wasn't made clear is if we're talking about an intraday top or end of day top and a 10% pullback to a daily low or a closing low.

Assuming the top was 374, we need to get back to 337 to make 374 the top. I think we have some ways to go before anyone can be declared the winner. Take a look at the 60 day chart on Kitco. Still heading steadily higher.
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