Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (26594)	1/21/1999 9:39:00 AM
From: bobby beara	Read Replies (1) of 116762

DD, latest weakness in gold nothing to do with Euro. First week of Jan we had a bull trap in commodities and the Dow, both peaked above resistance and both have fallen back below. Next deflationery shoe drop in Latin America. Gold has something going for it though. It made a higher low in December while the CRB was making a lower low. since I've become a contrary indicator of late, I had to re-look over my indicators since I've thrown in the towel -g- The internals and chart analog of this bottom in the xau and the bottom in 86 are very similar and the secondary bottom came right in this time frame. Drooy, one of my favorite charts to follow has an ABCDE correction from the top in October, which should be a completed correction when this final leg bottoms and reverses. I'll be watching my little South African Birdie -g- bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next