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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

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To: goldsnow who wrote (30005)	3/14/1999 2:52:00 PM
From: SwampDogg	Read Replies (3) of 116762

<<...the bottom that both have clearly found...>> Please explain...the charts and indicators that I watch do not confirm this position. Doesn't gold have to break $308 to even establish a temporary low? If $274 is broken...there is only weak support at $255 and then we are down to the $235 level. There seems to be much more risk on the downside and it looks like gold and silver have to go substantially lower in order to ignite a gold bull market. There is a small chance that we might rally to the upside for a short time due to Y2K concerns but this would only be a trading opportunity. If we rally at all won't we see more forward selling and central bank sales?

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