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

To: Zardoz who wrote (52456)	5/8/2000 4:12:00 PM
From: LLCF	Read Replies (1) \| Respond to of 116811

<Most think TA is junk with gold, and most of the time it is> I think you got part of it right "most of the time it is"... you don't have to limit it to gold IMO. DAK

To: Zardoz who wrote (52456)	5/8/2000 4:22:00 PM
From: russet	Read Replies (1) \| Respond to of 116811

And those great analysts (ggggggg) on CNBC are correlating resource based currencies with the CRB again,...seems the currencies like the $Aussie, and the $Canadian along with a wheelbarrel full of other developing economy currencies are dropping against the $US, which has been a leading indicator of drops in the CRB index in the past. The bottom line,...Greenspan's rate increases are having a world wide effect now, depressing demand for commodities, and is causing an economic downturn to take hold over the next few quarters,...those hoping for inflation to drag along the price of gold, may have to wait a bit longer.

To: Zardoz who wrote (52456)	5/8/2000 4:45:00 PM
From: TATRADER	Respond to of 116811

No excuse needed, I was wrong, I admit it..glad you are back..55.79 on XAU is key..They take it out, your premise ends up correct, mine down toilet...Also long-term trendline at 58.12..It held today, but we will see tomorrow..As you recall, three weeks ago, I gave Ole a target of 62.50 on XAU before consolidation..Then once consolidation completed, move at 64.50-65.00..Those were right on calls...(part b not yet fulfilled of course)ADX strengthened today at 16..9 day moving average at 58.27....Normal retracement should be to 57.81, before next move up...Right now the central banks control the price, but the masses will soon change that..The masses just need a little more convincing that inflation won't be as low as everyone anticipates...Remember if you want to converse with me, don't use fundamentals, just hit me on the head with technicals and we can have a nice conversation... The other day I told you about the mid-day reversal, it was not my only reason for being long..A technician needs several indicators giving the same reading, not just one...I gave those reasons to you, and all stocks hit the first target areas I gave before pulling back..PDG=8 3/4, NEM-26-27, BMG=2 1/2 and AEM at 6 1/2.... As you know, a trader only has to be right 60% of the time to make money...I strive for 80%....Take care...Mark