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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: F. Evans who wrote (42219)10/5/1999 8:17:00 PM
From: John Paquet  Read Replies (1) | Respond to of 116753
 
Gold DEc NYMEX hit $339 then profit takers like Mr. John Paquet kicked in after all Gold move from that $252 to $339 nearly $90. an oz.

A huge move in recent history.

Having said that gold has established its gold status no more CB played toys any longer,.

As soon gold hit that $339 retracement sit in, but even in NYMEX section gold only went down to $318 and then back up to $334 then back down to $326 at closed.

I expect that gold will trade in this range of $315 to $339 for a few days maybe 3 days, like last time move from $252 to $319; only it took 3 days correction.

Especially market jitter, Dow looks like gonna having a Black MOnay, FED did nothing but stressed on tighten bias, it indeed added some fuel to this financial system, paving for gold to go even much higher, let say $417.50 at least.

Buy at correction sell at rally, make you TITANIC Fortune.

John Paquet