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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: rails99 who wrote (3867)	4/23/2002 4:02:54 PM
From: TrueScouse	Read Replies (1) \| Respond to of 4409

Rails: <<Looks like big battle shaping up this week. Make or break at $305.00>> And in London too.... from a post I made yesterday on another thread.... ================ What I do think is that we are at "crunch point" in terms of confirming the bull. The gold chart shows a huge ascending triangle formation -- and this is normally very bullish and could signal a major move up if it breaks out on the upside. I track the cash cost (London AM fix) going back many years and the top of this triangle is a very strong resistance line at just above $304. The last three points on this are: - Feb 08, 02: 304.30 - Apr 02, 02: 304.00 - Apr 18, 02: 304.20 (Yesterday) it was fixed at $303.70. In other words, a London AM fix only $0.70 above today's would be a new high since February 2000 -- breaking a 26 month resistance line. It will be interesting to see what happens in New York after this London breakout occurs! Will they crush it -- or will there be lots of stops in place to go with the flow? Or will it just wimp out? It's certainly more fun than the previous 5 years! :^) Regards, Howy