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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Richard Mazzarella who wrote (9704)	4/9/1998 8:29:00 PM
From: bobby beara	Read Replies (2) of 116756

XAU Update. The Xau continues it's corrective mode and is resting on the middle trend line of the gold forecaster chart. I would expect the XAU to continue to trend down to the bottom rising bb band at around 80-82 and that will be critical support. Although I think Prechter is wrong on Gold, I would change that idea if XAU broke 77. If my thesis is correct, we have just hit an oversold bottom on the McOscillator and started a 5th wave of wave 5 advance to a significant market peak decisionpoint.com My target is Dow 10,000 area within 2-4 weeks. If I am right we should see a panic buying phase in big caps and small caps, much the way we have seen in Yahoo in the last 4 weeks. If my thesis is correct I would expect XAU to come alive again when we near the peak (at around 80 xau). Here is my wave analysis of Yahoo:https://www.siliconinvestor.com/readmsg.aspx?msgid=4020906 Carpe diem. Yahoo makes May 96 Iomega look like a puppy.

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