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

To: long-gone who wrote (64515)	2/26/2001 1:25:06 PM
From: Little Joe	Read Replies (1) \| Respond to of 116759

Long Gone: "Wouldn't that depend on how long it takes us to get there? What I'm saying is, When money starts moving into the miners, some people simply put it into gold funds which in part may buy bullion, thus it will feed itself - to some degree." I was giving a technical analysis of the stock as I see it. If, and this is a big if, the head and shoulders bottom is completed, the liklihood is for a ten point rally into strong overhead resistance. At which time we would ordinarily expect the market to correct or consolidate. If there were some event that caused the price of gold to rise quickly, the XAU could blast through the consolidation area. If that were to happen, I strongly suspect that the bear is dead. Live long and prosper, Little joe