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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Andrew who wrote (96327)	11/17/2003 5:59:59 PM
From: J.B.C.	Read Replies (1) of 116789

I'm seeing all this hubris regarding today's action in gold and it leaves me scratching my head. In my system, todays move didn't even bring us back to the middle of my trading bands for HUI. My mid-point on the daily is 214, on the weekly it's 206. Basically if this was a manipulated move, they came up way short. Not only didn't I get sell signals, In anything that I've looked at so far, I didn't even get a trend reversal. Basically today's action was just noise, and may be setting up the equities for nice pull-backs for entry. Jim

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