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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Zardoz who wrote (23479)	11/27/1998 3:21:00 PM
From: Little Joe	Read Replies (1) of 116796

Hutch: Today the XOI oil index broke out of a symetrical triangle to the upside. The breakout in terms of the magnitude of the move was clear. However upside breakouts need volume to confirm and unfortunately, there are no volume figures for the XOI. If it is valid, I think it could be construed as bullish for gold, if it portends higher oil prices or bullish for the market, if it is being fueled by the XON Takeover of Mobile. Any thoughts? Live long and prosper, Little Joe

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