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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: bobby beara who wrote (11452)	5/9/1998 9:18:00 AM
From: Crimson Ghost	Read Replies (2) of 116845

Bobby: Now that gold is back around $300 many formerly bullish Kitco technicians are turning bearish. Pretty close to the bottom probably. Like you I see some further weakness in gold and gold stocks before the nascent bull reasserts itself with a vengeance. I'm looking for the next move up to take the XAU to at least 100 and POG to at least $330. Hopefully your more aggressive targets will be fulfilled.

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