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To: Terry Whitman who wrote (82145)	1/4/2000 9:33:00 AM
From: Rarebird	Respond to of 86076

I think there is some short term support at $280. Will it hold? Probably not. It is in the nature of Gold to break all support and resistance levels fairly quickly. I think the lows from last summer at $252 will hold without a problem. I look at the JOC for short term direction for the POG and the XAU for Intermediate term direction. I'd like to see the XAU greatly outperform the POG today. The risk/reward ratio for Gold is so biased to the upside moving forward that it is the only asset in my portfolio that I consider a long term investment.