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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

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To: Enigma who wrote (26562)	1/20/1999 8:54:00 PM
From: bobby beara	Read Replies (1) of 116762

DD, sadly I agree with Hutch (because I was hot on a breakout of the XAU everytime it hits the top trendline aaaaaaargh), the XAU is in a parallel channel downtrend, draw the lines. The next support for a bounce is in the 50's. The CRB peeked above resistance and now is in the crapper again with the Brazil news. We probably have some more deflationery shoe's to drop and maybe we can get another blowout bottom in the XAU like September that will provide a mega buying opp. bb

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