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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (1263)11/30/2000 7:22:18 PM
From: Roebear  Read Replies (1) | Respond to of 1612
 
Michael,
Best of luck, but I won't be buying any techs quite yet, ggg.

Your move has the wisdom of the last three years of price activity in the XAU behind it, but I will have to give close scrutiny to the charts before I close my gold stock holdings. It could be there is a sea change coming, but granted it could be business as usual also.

XAU closed above some important resistance but just below some even stronger R stuff. If we can get a close above XAU 49 by some miracle, say two consecutive days, a new gold bull is born by my guess. Of course I was a little wrong on the OSX today, I thought it would hold better with NG and oil up, but then again MY energy stock (TESOF) didn't really go down either, VBG.

Best of luck,

Roebear