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Gold/Mining/Energy : Echo Bay Mines, anyone (anyone) ((anyone))?
ECO 33.30-0.8%12:00 AM EST

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To: Alex Burns who wrote (168)11/7/1997 11:43:00 AM
From: Alex Burns  Read Replies (1) of 300
 
Whoops, I meant "capitulation" instead of whatever I wrote.
Please excuse my spelling errors... Another thing to watch
while monitoring ECO is the Philadelphia Gold and Silver Index,
the XAU. It's around 82 and I have heard an opinion from someone that I respect saying it will go to 78. I think that's a significant support level for the XAU, but haven't checked the charts myself.
There is considerable debate about where the price of gold is headed. This is significant as we are testing the recent lows as I write this. If 308 - 309 doesn't hold, then 300 is very important.

Alex
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