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To: Lightning who wrote (42805)10/12/1999 6:49:00 PM
From: Jim McMannis  Read Replies (1) | Respond to of 116756
 
The key right now is how many more hikes AG has time for and will be necessary to curb this inflationary spiral...AND whether AG is perceived as ahead or behind the curve. Any idea that the XAU is somehow going to buck a sell off in the market is tenuous at best.
As far as this spike in the XAU, I can show you nearly identical chart patterns of the XAU suggesting that after this correction of the spike that the XAU will begin to climb higher.
Your analysis is most rational, IMHO..

All the best, Jim