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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 423.31-0.6%4:00 PM EST

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To: Andrew who wrote (1067)1/10/2004 7:26:18 PM
From: Little Joe  Read Replies (1) of 29622
 
Great charts. A few comments. I would not buy goldcorp, except as a short term oversold rally play. I don't know what is going on but among the majors it has one of the worst charts.

A long term perspective on the dollar will show that there is support at in the 82 to 85 range. You need to go back to 1996 to see it. Of course the rule is that the older the support level the less meaningful it is, but if this falling knife rally is going to bounce soon, this would be a logical price level for the bounce to occur.

Pretty much agree with your other comments.

Little joe
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