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

To: long-gone who wrote (55493)6/29/2000 1:32:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 116763
 
no...this can't be spun imo. the XAU is the only sub index that moves totally independently from the rest of the stock market. in fact, it is supposed to be negatively correlated if anything. this total lack of interest can only mean that the gold rally is being aborted, at least in the near term.



To: long-gone who wrote (55493)6/29/2000 1:35:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 116763
 
I see one POTENTIAL silver lining in POG's repeated failure to breach $290 and stay above that level.

Technical theory says that the longer major resistance holds, the bigger the potential move when and if it is finally breached.

So IF POG can ever get above $290 and stay there -- the upside potential is enormous. But that is a big IF.


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