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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Enigma who wrote (19793)	9/25/1998 9:28:00 PM
From: bobby beara	Read Replies (5) of 116764

E. I agree with your scenario, i believe the potential crash scenario was averted in mid September. The crash scenario would have asserted itself by then and continued the selling momentum after an ABC bear rally, however this rally has shown big staying power and the tenacity of this bull to hang on. I think it will be a stair step trading range down - though with some big down moves. This kind of bear market is much more abusive (and as a baby boomer and a subject of the Clinton era - don't we need abuse -g-) digisys.net Notice the bollinger bands tightening around the current $USD trading range. I believe that when they constrict to a point we will have a mega down move to close the big gap up from late 95 and BIG XAU MOVE. bwdik, bb

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