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To: Broken_Clock who wrote (50255)	6/30/1999 9:17:00 PM
From: NickSE	Read Replies (3) \| Respond to of 86076

PK, Nice chart. Seems as if gold is staging some sort of rally here on EasyAl's pathetic attempt to slow down this growing economy. How stupid can he be not to realize the cuts last year are just now showing their effects and some stupid 1/4 pt rate increase/neutral bias ain't gonna do JS. Anyway, on the technical side, august gold (GCQ9) has put in a double bottom @ 260 and is on the verge of a P&F buy signal should it print 264 intraday. Combined with the successful test of the lows on the XAU (#reply-10289056 and 204.232.40.6 we may have seen the lows for the year. BWTFDIK... edit...Also suprising to me is Gold's strength in the face of the BOE auction which I believe occurs next week (July 6th???). PS - If we gold crashes to $150 tomorrow, I never wrote this -g- Regards, Nick