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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: MtnBear who wrote (9913)	4/13/1998 2:49:00 PM
From: Jim McMannis	Read Replies (1) of 116915

The more time that passes the better the 84-85 level looks as support. Bullion is up 2.2 today but the XAU is flat. I guess the XAU is just working off it's short term overbought condition with sideways movement. If the bullion stays strong the XAU will likely give up any idea of the downside and take another jump up. This time it might take a shot at the descending trend line at about 95-96. Through that it will likely make a big jump...should it be able to hold it. Jim

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