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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%4:00 PM EST
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To: Cynic 2005 who wrote (33361)5/7/1999 11:48:00 AM
From: Dipsey  Read Replies (2) of 116764
 
Mohan -

FWIW the point and figure chart of the
XAU has strong triple top support at 69.
The drop in the XAU stopped well above.

Just pulled up point and figure charts
on several individual issues (ABX, ASA,
NEM, PDG). All down moves this morning
halted above their indicated support levels.

Obviously the wind has been taken out of
the sails of POG momentum. However, I suspect
that it is only the rate of momentum change
which has been affected, not the direction
of price movement.

Let's see how well it recovers.

Regards, Dipsey
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