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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.07

+0.7%

Jan 16 4:00 PM EST

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To: bobby beara who wrote (29603)	3/9/1999 8:21:00 AM
From: Richard Mazzarella	Read Replies (2) of 116894

bobby, <<gold has broken it's downtrend>> I'm not so sure. The upper bollinger sits a little less than xau 67. Assuming today is as strong as yesterday we should test that resistance today or tomorrow. Notice in the post ( exchange2000.com ) just ahead of me, the question is when miners will sell the rally. I've maintained all along that it's the miners that are the reason that gold stinks as an investment. Gold's crap because of the bean counting miners, but people want to blame everyone else, a mistake IMO.

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