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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: Gary who wrote (10207)4/20/1998 1:04:00 AM
From: bobby beara  Read Replies (2) of 116762
 
Gary don't have the URL handy. I'm leaning for a final sell-off in Elliott terms, but I think we will know the direction within a hour or two of Monday open.

POG can hold 298 and still be in the channel, even a slight break of this wouldn't be bad. Many times at big turns there is a small percentage throwover (just like March 20th)

With XAU 78-9 area is the up channel line, so I'm thinking 77 would be a very strong support to watch.

I'm expecting wave 3 of 5 in the dow in the next week and this big move would draw money out of mining stocks that are now in a consolidation phase and many are not so sure that this is a bull yet.

bwdik,

thanks and God bless,

bb
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