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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%4:00 PM EST
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To: Ross who wrote (11410)5/7/1998 10:57:00 PM
From: bobby beara  Read Replies (2) of 116762
 
Ross, thanks for that chart, Barrick is solid as a rock, I doubt it will break down much further, most of the money leaving the XAU is from the secondary issues. I wouldn't be surprised to see a slight breach of support as I think this might be an important bottom, similar to January 12th and March 20th. Barricks hedging program will keep them afloat on POG dips, HOWEVER, it will hold them back when the POG takes off,

Then you wanna be in the inniest tiniest MINEr around -g- for full leverage.

79 was a great year for gold and will be a great # on the XAU.

bwdik,
bobby b
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