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

To: long-gone who wrote (43395)	10/19/1999 8:33:00 PM
From: TD	Read Replies (2) \| Respond to of 116753

Gold ended down but well off 15-day lows posted early as the market's ability to hold a technical retracement point stirred sentiment that the correction from recent two-year highs may have run its course. COMEX December futures settled at $309.50 an ounce the lowest close since October 4 down $2.20 an ounce. Spot bullion was last quoted at $307.20/9.20, compared to the late fix at $309.50 and Monday's close at $309.70/1.70. At Tuesday's $306.20-low, December had downwardly corrected approximately 38 percent--an important measurement for chartists--of the rise from near $252 in August to the October 5 high of $339. Gold rallied sharply in the aftermath of a European central bank pledge to cap gold sales, lending and options use.