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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Bill Murphy who wrote (30203)3/16/1999 8:43:00 PM
From: Richard Mazzarella  Read Replies (2) of 116759
 
Bill, <<Remarkably,
the XAU held steady the past two days and closed
today at 62.17 (up .77 for the day ). >> Not necessarily so, look at the chart. The xau declined, hit the lower bollinger, and bounced off it. Is this a reversal? Too early to call IMO. I think we need at least one retest of that low. Watching this thread today was amusing, everyone had the reasons, but the chart did just what one would expect from TA, reasons or not.
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