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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (32839)	3/22/2002 11:09:08 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 52237

Paul after a solid pullback in gold..the XAU will reverse back up at 68 the double top and give a buy signal at 70 with very heavy R at 72... the BP Prec metals however has NOT reversed up... gotta run

To: Paul Shread who wrote (32839)	3/22/2002 12:50:53 PM
From: Kip518	Respond to of 52237

Yep, resistance. taking some profits now and will wait for a backoff. From realmoney.com Tony Crescenzi Gold gaining on weak yen 3/22/02 12:22 PM ET Gold is up $3.50 per ounce and is now at a 2 1/2 week high ($296.60). The strength is likely tied to renewed weakening in the Japanese yen--the correlation between gold and the yen has been fairly tight recently. For example, the 2002 high in gold was set on February 8th, the very same day that the yen ended a rapid decline, reaching 134.71 versus the U.S. dollar (132.9 currently). With the Japanese fiscal year ending at month's end, and new limits on bank deposits set to take effect on April 1st, investors should keep an eye on the yen, gold, and Japanese bank stocks.