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

To: LLCF who wrote (55264)	6/27/2000 12:18:00 PM
From: pater tenebrarum	Respond to of 116766

from Kitco...the last remaining gold optimist: << Date: Tue Jun 27 2000 11:40 kapex (Miro; Have no fear! ) ID#275170: Copyright ¸ 2000 kapex/Kitco Inc. All rights reserved All is setting up well. Besides it's supposed to look that way right before it takes a moon shot! Take a look at the XAU hourly and daily. They have come down to levels that are diverging all of their underlying indicators. The first one is the 60 minute XAU. ALL of the indicators are diverging right now and it fits the wave count rather nicely! If you go back to the chart you were asking me about yesterday ( Barrick ) , you can see he had a wave 1 up labeled in the XAU and all the action since then has been corrective. You can't see it all on the 60 minute chart so you need to go to the daily next. Below.. siliconinvestor.com As you can see here all these indicators are diverging as well! The low in April was the begining of the 1st wave and it topped above 62 in early May. It is correcting all of that. Notice the diverging MACD on the hourly and daily. Also remember the XAU bottomed before Gold did. So that was the XAU-Gold divergence that you want to see, and we did! Daily below.. siliconinvestor.com It fits a Gold market that is about to take off in a 3rd wave. While most are bemoaning the fact that Gold and the stocks suck! >> and pigs will fly....-g-