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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.88+0.9%4:00 PM EST
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To: long-gone who wrote (19516)9/22/1998 3:54:00 PM
From: TD  Read Replies (3) of 116762
 
Feel gold will make a secondary bottom, it appears to be tracing out a good 1-2-3 bottom. XAU has resistence in this area, a good rule of thumb is when the xau in points is twice the gold bullion price in dollars the move is real. For example is the xau moves up ten basis points and bullion is up five U.S. then we are usually on our way. FWIW think other posters are correct need a new test of 270-275 basis spot.

Don't worry too much any buying in here will prove wise when the coming currency collapse begins.
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