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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.04+0.4%Nov 11 4:00 PM EST

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From: IngotWeTrust11/23/2007 6:46:41 PM
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In this Friday post tryptophan lull, may I be indulged one small rant?

Rant On:
I have been "less than" amused by Dan Norcini's (JES Mineset) 4 hour candlestick gold charts and subsequent crowing these last 2 trading days in particular.

As many of you have noted and I assume are too polite to point out, Dan's vaunted "final placement" of the 61.8 Fib retracement line "didn't start out at the 'latest pricepoint' level" on the prior 5 visual charts.

For as predictive as Fib numbers are, to keep moving the "61.8 Fib goal post" is disingenuous to say the least. All TA observers have noticed. And he acts like he's batting 1000 in the Fib department...or perhaps in the "other" fib dept....

Rant off.

Thanks. -g-
All comments welcome.

G_T
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