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To: Rarebird who wrote (7357)8/22/1999 2:57:00 PM
From: Crimson Ghost  Respond to of 81296
 
Rarebird:

Agree about the XAU. Some additional weakness is probable if POG does not rebound soon, but I am convinced the next MAJOR move will be up.

My intial targets for the forthcoming gold bull are POG 280-285 and XAU 80-85 this fall. Y2K could push the gold complex much higher despite the best efforts of the Fed and its allies, but this looks like a long shot right now.



To: Rarebird who wrote (7357)8/23/1999 4:15:00 PM
From: GVC  Read Replies (3) | Respond to of 81296
 
When was the last time xau went up with gold down over $3 -- and if you know.. what happened next...did xau tank or gold rally?



To: Rarebird who wrote (7357)8/24/1999 7:12:00 PM
From: Rarebird  Respond to of 81296
 
The XAU's pennant formation has now evolved into a major indecision wedge formation. TA is telling me that a major move is forthcoming.


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