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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (294)	7/18/1999 12:49:00 PM
From: Robert J Mullenbach	Respond to of 1612

some new info, not so depressing. members.home.net XXXXXXXXXXXXXXXXX The XAU is bottoming in either wave 1 of a major decline or wave b of a larger correction. The bottom line is to expect a countertrend rally to emerge very soon. Size and nature of it will dictate which count prevails. I am not too sure if the current decline is over or not but PDG is telling us a short term bottom is close at hand. For the XAU the next support is 58.20. Once the decline over, if not already so, expect a rally.. Even if PDG is clearly showing an impulse wave from the June high, the decline in the XAU is not as foretelling. So we must leave the door open for a larger rally, at least for the XAU. Besides, Gold is finishing an impulse wave on its own and can be ready to move back up to first resistance @263, a previous fourth wave high and the 23.6% of the decline that started in March. So for this week, moving above 60.50 will be the first signal the bears are taking a break for several days. Resistances are 61, 63 then 64. Moving beyond that will increase the odd we are indeed in a flat and XAU is going back to at least 67.60. XXXXXXXXXXXXXXXXXXXXXXXXX Just bought the wife a new diamond ring, nice thick 14 K band, and 1/2 ct. just what Aem is looking for, sound nice to me. here is to the big one. The light just came on, if it was not for women, gold would be no good.!!!!!! I don't view gold as a investment, more like insurance.

To: Yogizuna who wrote (294)	7/20/1999 5:58:00 PM
From: Robert J Mullenbach	Read Replies (2) \| Respond to of 1612

I was going to buy some calls on PDG, members.home.net XXXXXXXXXXXXXXXX The XAU is bottoming in either wave 1 of a major decline or wave b of a larger correction. The bottom line is to expect a countertrend rally to emerge very soon. Size and nature of it will dictate which count prevails. I am not too sure if the current decline is over or not but PDG is telling us a short term bottom is close at hand. For the XAU the next support is 58.20. Once the decline over, if not already so, expect a rally.. Even if PDG is clearly showing an impulse wave from the June high, the decline in the XAU is not as foretelling. So we must leave the door open for a larger rally, at least for the XAU. Besides, Gold is finishing an impulse wave on its own and can be ready to move back up to first resistance @263, a previous fourth wave high and the 23.6% of the decline that started in March. So for this week, moving above 60.50 will be the first signal the bears are taking a break for several days. Resistances are 61, 63 then 64. Moving beyond that will increase the odd we are indeed in a flat and XAU is going back to at least 67.60. XXXXXXXXXXXXXXXXXXXXXX but looked at the chart , and did some tea reading. at least AEM is hanging around the 150 day moving avg, PDG was below everything. I went with 5 calls, on AEM, look like a good bet to me. so we shall see, I have done very badly on my calls on AEM, so this will be one more shot, with gold at 250, about 40 % of gold production is unprofitable. they just have to bite the bit and shut it down. England don't care about them, so why care about England in future.