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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: bobby beara who wrote (15070)	7/31/1998 3:39:00 PM
From: Giraffe	Read Replies (1) of 116757

>>We are getting very close to a capitulation bottom in the XAU. I think we will see soon a sell-off to 61 area and an immediate reversal to make a nice double bottom in the XAU.<< Great call on the sell off - down to 62.5 with most of the drop in just a few hours. Hope you're right about the reversal. Today's action certainly puts the XAU into oversold territory.

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