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


To: Rarebird who wrote (61722)12/5/2000 11:44:42 AM
From: scotty  Respond to of 116764
 
Heck, gold could go thru $276 today...There is a full moon on the 11th, sometimes gold comes alive then ( it's best to be long a couple of business days before the full moon)....Also, COMEX options expire this week, gold may be held in check til NEXT week....http://customer1.barchart.com/cgi-bin/mri/optquote.pl?code=13&sym=gc



To: Rarebird who wrote (61722)12/5/2000 2:12:50 PM
From: Little Joe  Read Replies (1) | Respond to of 116764
 
Rarebird:

Couldn't agree more. Look at charts and none of the stocks even made it into the stiff overhead resistance. It is a simple fact that this resistance will have to be overcome and barring some seminal event that makes it clear that the price of gold will go up. i.e. some new use for gold that will utilize a significant amount of gold for industrial use and/or an all out market crash, or something similar it is going to take a fairly long time to overcome that resistance. However once we get to 300 or so, it could move very quickly after that. Over the recent month or so it has been acting better, but I just don't see a long strong move soon.

Live long and prosper,

Little joe