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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: goldsheet who wrote (94813)	5/1/2003 4:42:41 PM
From: Real Man	Read Replies (1) of 116814

Well, the dollar broke down about 2 days ago, and we have seen a strong move in gold and gold shares. 200 DMA usually provides a technical resistance of some sort, typically quite a bit of it. That's why gold stocks dropped in the past week. Now HUI is over 200 DMA, XAU is approaching it stockcharts.com stockcharts.com After a breakout over 200DMA in both indices, I'm expecting a sharp rally in gold stocks

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