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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (12655)	5/20/2002 11:44:26 AM
From: nspolar	Read Replies (2) \| Respond to of 36161

vt, I was doing some charting last evening and I tend to think 92 may be conservative. The slope of the rising channels for both gold and the XAU increased after the end of the 1st major/2nd consolidation. It appears both are staying within the more recent higher slope channel. This PM trend appears to be slowing building in intensity and momentum. The wave structures show this as well. This fifth which we may well have started, may surprise on the strength side. 325 gold, if we reach it, should drive the XAU real nice like. Looks to me like 325 stands a good chance here. The dollar and gen market heading down should be a plus, as long as it doesn't get too nasty. Let em roll.