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


To: Tom Byron who wrote (55588)7/1/2000 2:10:12 PM
From: Tom Byron  Respond to of 116833
 
and here is a one year daily chart of newmont gold...a support line can be drawn on the chart starting at the july, 1999 low to now...

bigcharts.com



To: Tom Byron who wrote (55588)7/1/2000 6:15:58 PM
From: TATRADER  Read Replies (1) | Respond to of 116833
 
hi Tom-Weekly XAU Brief Report
The XAU remains locked in a trading range from 55.50-61.80 on the upside. The ADX indicator continues to show a weak 13, in otherwords a trendless market(who didn't know that)...A break and hold above 62.50 signals the move to our target of 70-72 on the XAU. The ultimate oscillator continues to show a bullish divergence from price as we probed the mid 56's again this week. What that simply means is that the XAU is losing its downward thrust on each probing of previous lows. We now have a head and shoulder bottom with one left shoulder and are finishing the second right shoulder...We closed above the 10 day moving average on Friday(57.53) with a close of 57.81...If we open above 58.11, it would signal another test of the 61.00 area on the XAU..

Best gold stocks to buy on the ones I follow:
1.AEM buy area is 5.87-6.12 target is 8.50-9.00
2.PDG buy area is 9.00-9.25 target is 11.00
3.MDG buy area is 5.75-5.93 target is 8.25
4.ABX buy area is 17.50-17.87 target is 22
5.AU buy area is 19.50-20.00 target is 25.00
6.HM buy area is 6.62-6.87 target is 9.00

Note: NEM did not make the list this week......

P.S. been on vacation past week, but will keep everyone posted on best trading gold stocks on regular basis....