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


To: Proton who wrote (64900)3/8/2001 6:22:05 PM
From: russwinter  Respond to of 116759
 
Proton, how are you seeing this action?

Technical Update: Gold sector reverses up in head-and-shoulders
New York, March 8 (BridgeNews) - The long forgotten gold sector
has broken out to the upside from an inverted head-and-shoulders.
This pattern is about eight months long, and based on the PHLX Gold
and Silver index (XAU), the neckline break occurred Feb. 26. This
index consolidated a strong week-long rally with a small triangle and
broke out again Thursday to confirm the larger change in trend.