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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: goldsheet who wrote (7356)8/22/1999 2:28:00 PM
From: Rarebird  Read Replies (3) | Respond to of 81296
 
Bob, patience is a virtue in the case of the XAU. The last 3 trading
days have been a real test of perserverance and persistance. However,
the pennant formation is accompanied by lower than the past 30 day volume average. The Shorts had every opportunity this past week to take the XAU much much lower. If the XAU was going to break, like some of the Gold Bears suggest, it would have done so already.

TA is telling us that something large is about to happen. I'm hoping the XAU's pennant formation evolves into a major indecision wedge formation this week. I want more consolidation before we blast off.