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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.07

+0.7%

Jan 16 4:00 PM EST

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To: baystock who wrote (15974)	8/16/1998 10:14:00 PM
From: bobby beara	Read Replies (1) of 116893

>>>The XAU is not at 19, but is around 60<<< DUH that figure was used as a comparative basis for the gold complex as a whole! If you don't think this is a Great Depression in gold stocks just talk to a few buy and holders, who bought previous to 10/97. Here are some more tidbits, I'll share even with a bad mannered DIM like you -g- The weekly MACD & RSI and A/D Line is not confirming these current lows, basis the January lows. As we've seen in the DOW, which the jury is still out, but in my mind is bear confirmed, first you see a momentum peak (April) then you see a non-confirmed peak(s) (July) to complete the topping process. I think we have the same thing in reverse on the XAU. bb

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