Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Little Joe who wrote (14611)	7/23/2003 7:43:28 PM
From: gold$10k	Read Replies (2) of 39344

Little Joe, I am unable to find a basis for disagreeing with you. In the spring of 1999 "they" announced a gold auction by the Bank of England to kill a rally right at the breakout point. I don't believe that would be effective today even if attempted, BWDIK. There doesn't seem to be either the same motivation for gold suppression now or the same fear of central bank sales. It was still a bear market in gold in 1999. The only thing missing is a break of XAU above 88 to break the neckline of a 5 year long reverse head and shoulders which would point to a target of XAU 133. bigcharts.marketwatch.com Needless to say, I am not waiting for that confirmation. <g> Besides, they keep changing XAU, but NEM made new 5 year highs today. Regards, vt

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