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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: Square_Dealings who wrote (6293)1/25/2001 9:33:11 PM
From: jtech  Read Replies (1) | Respond to of 19219
 
Looked like the gold price was going to be broken down in the early morning hours by hong knog.
I look at it as a shake out before the big time move. Lots of doubt for gold longs.
Gold is a very good investment right now. Its not that far away from the cost of production. Lots of shorts need to cover so the big boys will try to exhaust all hope.
Long and strong gold stocks.



To: Square_Dealings who wrote (6293)1/26/2001 1:45:19 AM
From: J.T.  Respond to of 19219
 
michael, still long.. A had the double frustration of not having live analysis during the 100% retracement from the one day break-out... So far it is a one day false upside break.. We had 2 closes above XAU 50 and she came right back down... The next time she moves up is key because if she fails again from the 51.99- 51.55 level watch out below...

NEM has a digestive tract problem swallowing BMG...

Best Regards, J.T.