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To: Lucretius who wrote (46721)6/12/1999 9:07:00 AM
From: re3  Respond to of 86076
 
ho ho ho and have a fun weekend

got gold ?

ike



To: Lucretius who wrote (46721)6/12/1999 10:35:00 AM
From: Bill F.  Read Replies (2) | Respond to of 86076
 
lt-looked for you thurs nite,but didn't see you on line, to tell you i got a couple perfect flaming emails .



To: Lucretius who wrote (46721)6/12/1999 1:00:00 PM
From: Jorj X Mckie  Read Replies (3) | Respond to of 86076
 
Hi Luc,
I post my gold stuff to you since I can be such a valuable contrarian<g>

P&F on Gold

XAU - Currently at a double top resistance at 62. A move to 63 would break this resistance and give a buy signal from a pretty low level. Strong support at 59.

NEM - Big support at $17, but would take a significant move to generatee an actual buy signal.

ABX - Very similar chart to NEM with good support at $16.5. Lots of resistance at $23. A move to $24 would be a blue sky breakout indication.

ASA - Lots of support at $16. Essentially the same thing as ABX and NEM...surprise, surprise.

Precious metal bullish percent is at 28 and is at a "bear confirmed" status.

If you remember, I said that the time to buy gold stocks (for me) is at P&F support levels and the time to sell is when an actual "buy" signal is generated. With where the XAU is right now the support and buy signal levels are very close so I may take another speculative position in NEM OTM calls with July expiration. It's kinda like playing the nuts:-)

JXM