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

To: SliderOnTheBlack who wrote (62463)	1/4/2001 12:33:54 PM
From: TATRADER	Respond to of 116756

agreed on gold having its day soon... the pattern on the XAU is clear..From July 17th time frame until September 17th, you had the formation of the left shoulder...From September through November you had formation of the Head, and now you are building the right shoulder...If the right shoulder takes as long as the left shoulder we are looking at approximately 8-10 weeks of time from January 1st...So by April 1st, you should have an XAU that has touched the 63-64 area.... Shopping areas: ABX in the 15.00-15.75 area NEM in the 16.50-17.00 area MDG in the 6.00-6.25 area AEM in the 5.87-6.00 area PDG in the 8.75-9.00 area.. HM in the 3.87-4.06 area... P.S. Note how the pattern of NEM closely tracks the XAU... Look for NEM to touch the 24.50-25.00 area in 90 days or less...

To: SliderOnTheBlack who wrote (62463)	1/4/2001 1:40:07 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116756

Slider: The dollar rallied yesterday primarily because it was heavily oversold short-term -- not because of intervention. The dollar's rally was a one day wonder -- the greenback is getting trashed again today. But gold is getting hit anyway. I don't see how one can argue that the boys are trashing gold to support the dollar. Gold is in the dumps, but the dollar is down sharply regardless. The main motivation to trash gold here is simply to support the huge bullion bank short position. There are only 3 scenarios I can envision that could move gold up in a big way -- and none of them is very probable The bullion banks and CBs lose control European CBs take a more pro-gold approach by cutting gold sales and gold lending. A crisis develops that fundamentally shakes investor faith in the ability of the powers that be to keep things on an even keel.