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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who started this subject3/31/2003 9:58:58 PM
From: 4figureau  Read Replies (1) of 5423
 
Gold Stks Up As Gold Breaks Trend Line
Contact Us: Sydney 61-2-8235-2950; djnews.sydney@dowjones.com

1058 [Dow Jones] Lihir Gold (LHG) up 2.2%, Newcrest (NCM) up 1.3% and Croesus (CRS) up 4.4%. Gold stocks continuing recent gains as bullion climbs on Iraq war. Spot gold US$337.50 up from A$336.90 in NY. Gold chart has broken downtrend line from US$388.50 at US$334.87, warning of change in trend. Follows bounce off uptrend line from US$277.10 at US$326.10. Daily momentum indicators show upside potential and MACD has tentatively crossed up. Resistance US$340.60, US$345.00, then US$350.00 (38.2% of US$388.10-US$326.10). Support US$336.40 (Monday's high), US$327.57 (trend line), then US$326.10 (Mar 21 low). (DWR)
sg.biz.yahoo.com
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