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To: Broken_Clock who wrote (104370)5/24/2001 11:23:41 AM
From: craig crawford  Respond to of 436258
 
>> If the xau leads gold, <<

Seems to be following pattern of '92-93.

The XAU bottomed the week of November 27, 1992 at 64.38.
Gold bottomed the week of March 12, 1993 at 325.80

XAU bottomed November 17, 2000 at 41.85
Gold bottomed around second day in April I think it was?

XAU doubled in 93...so a double off the lows this time puts us in low 80's...hence my target there. Plus lots of resistance in low 80's so seems reasonable place for it to stop.