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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (92510)	7/18/2001 1:07:07 PM
From: Roebear	Respond to of 95453

Slider, .I had 10-15% of my cash ready at approx XAU 45/48 waiting... wanted $3.75 GOLD, $4.75 HGMCY, $16.75 NEM etc. As was I and then some, ggg, but with the breaking of the downtrend line and the torpedoing of the dollar (I don't think it was a chance flub, just before the G meeting), we may not see ever see those levels in my trading horizon. A lot of overhead resistance in the 75 area, may give us our first REAL gold dip buying experience, but no warranty on that, just probability. I have a target of 75 btw for any substantial rally from these levels. That is not a final target, just connecting the peaks and adding the dips chart wise, a place for the pause that refreshes. While some in the past of denounced our POG fascination on the SD thread, I believe the experience from the oil bottom can be put to good use with the POG rally. BTW, wedge measurement on XAU hit at 10 or so this morning at 55.04, if we can close above that level than we likely have something to look forward to, but would prefer it to hold through Mon-Tues at least. Best Regards, Roebear