Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IngotWeTrust who wrote (43317)	10/19/1999 5:41:00 AM
From: TATRADER	Respond to of 116759

Gold traders, today is the day that we look to cover our short positions..I am looking at a reversal on XAU either today or tomorrow...The two key areas are 75, and 72.50... If the XAU tanks to 72.50, I will load up the truck again on gold stocks long..This target fills the gap, gives us a very oversold condition, and will make the shorts cover..We pick up our ride at that point..Or one could enter when XAU nears 75.00, and set a tight stop...If 75 holds, you ride up from there, if early bird, you are taken out with minimum of loss..Have a good day Ole...