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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.05

0.0%

4:00 PM EST

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To: Giraffe who wrote (19018)	9/16/1998 12:14:00 AM
From: Don Green	Read Replies (4) of 116956

Gold $250?? Brought to you by Ralph Acampora 12 Jun 98 Chief Technical Analyst Gold at $286.50 (basis the June futures contract) is breaking down out of a two-week consolidation, suggesting additional near-term weakness. Further risk to the January low of $281.50 is anticipated. Intermediate-term risk to $252 exists on a violation of that level. A move through $299.00 is necessary to suggest a reversal of near-term downside momentum. The major trend on gold remains down.

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