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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.74

-1.2%

4:00 PM EST

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To: J.B.C. who wrote (95093)	5/22/2003 3:52:52 PM
From: goldsheet	Read Replies (1) of 116836

> Hmmm Gold in an overall longterm bullish trend Just to be the devil's advocate. one can look at a lot of charts in many ways. From the 1988 $500 peak to the 1999/2001 double bottom near $250 would be $250, and a 50% retracement would be $375, about where we are. One could make a legitimate case we are still having a bear market rally ;) I'd feel much better when we seriously break the $400 long-term resistance and make it a new support level. Then again I just said the other day that I didn't expect that to happen until 2005. I figure we have another 18 months of sideways to go. Good for speculative trading, not investing.

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