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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: Gabe Heti who wrote (9235)	4/3/1998 1:02:00 PM
From: MtnBear	Read Replies (1) of 116762

Gabe, The XAU (usually called up on charting programs as $XAU.X) is an index like the DOW, which is made up of primarily gold and silver stocks. Sorry I do not know all of the components or weightings, but I do know it is heavily weighted in the major golds (like Barrick and Placer Dome). I do not trade futures, so don't know if it is futures tradable. The thing is, it is somewhat of a proxy for the entire gold and silver complex, and for those interested in technical analysis, it lends itself beautifully to all sorts of chart work. I refer you to a recent thread on the relationship of the XAU to POG on the SI companion Mutual Fund-Gold and Precious Metal site: www3.techstocks.com. Others here may have more to offer; hope this helps. Best regards and good luck; Mtn Bear

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