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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (69401)2/17/2001 2:38:20 PM
From: Zeev Hed  Respond to of 99985
 
George, it could be, but right now, I doubt gold itself will get much above $280, and the XAU has some major resistance in the 51.5 to 53 area, a long way from the 65 or so a 40% advance would call for. I have not followed gold closely for few years now, so I may have lost my "midas touch" (VBG), on this one. In any event, it would be safer to buy the XAU on a breach of 53 for a run to 65 and miss the first 1/3 of the advance, IMHO.

Zeev


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