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


To: Alex who wrote (53371)5/30/2000 8:15:00 AM
From: TATRADER  Read Replies (2) | Respond to of 116764
 
as Hutch would say,
"Children what happens at the first of the month? The shorts cover!"

This is the second downward wedge XAU has made..As we all know a downward wedge is bullish..This wedge is higher than the last wedge, and I agree with the post that our bottom is in with POG at 270.00...However, I still have XAU logged in trading range from 55.85-61.75...We break the 50 day at 57.85 should make our first attack at upper end of band at 61.75...As I submitted last week, giving a 7 point spike from consolidation at 56 area, we are looking at 62.50-63.00 on next upmove...



To: Alex who wrote (53371)5/30/2000 2:13:00 PM
From: Ken Benes  Read Replies (3) | Respond to of 116764
 
This web site is always predicting a beginning of a rally. Unfortunately, gold is headed back to the 250.00 range and possibly lower as the worlds economies begin to slow down ad jewelry demand ebbs. Investor demand outside of this thread is almost nonexistent as professional investors have a new mantra in the same category as "don't fight the fed". The new one is don't fight the barrick, cb, bullion bank axis.

Ken