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

To: Rarebird who wrote (55703)	7/5/2000 10:49:24 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116767

RB, <<But as long as the XAU holds above the August 98 low, the ultimate resolution looks bullish.>> we'll have to see about that. the rate of collapse of the XAU is rather sobering. if this keeps up it'll be at zero in a few months time. one more bad day, and yet another support trend line will be broken to the downside. for a while the XAU looked as though it was poised for a run, but now the chart looks anything but bullish. price is below all important moving averages, which are all declining to boot. the only silver lining i can spot is that the XAU has in the past often looked as though it was about to break down, only to reverse back up.