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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

Dec 4 4:00 PM EST

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To: kimberley who wrote (8408)	3/17/1998 2:33:00 PM
From: Tom Byron	Read Replies (2) of 116795

kim: best answer I can give at this time, is that I look for 9 waves(3 x 3) movements in the intra-day, daily, weekly, and monthly charts and cycles. I believe that the XAU weekly chart ended a 9 waves movement down from the beginning of this bear market in the XAU stocks (June, 1996) on January 12, 1998. Until, I am proven wrong, I'm acting on that interpreation. See a line chart (based on the CLOSING xau or Newmont Mining Weekly charts to see what I mean.

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