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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Jill who wrote (51989)5/23/2002 8:49:07 PM
From: Jim Willie CB  Respond to of 65232
 
JPM fails to factor in JPM shorts <G> + hedged miners
these guys should really shut the hell up
mere JPM gold related announcements are now hugely bullish

two critical breakout indications occurred today
first was base metal breakout above Cup & Handle top of 310-315
this is a longer term effect from chart on 1999,2000,2001,2002
the left side was established with the Washington Accord

second is XAU and HUI gold index breakout above UPPER boundary of the upchannel
this is hugely bullish
above UPPER boundary of the upchannel

from here...
minor "cup of coffee" resistance at 325-330
a "speedbump" at 355-360
next target is a clear path to 375-380

silver's breakout is a definite confirmation
the Gold Cartel has lost all control
their desperation behavior now will put JetAssist to the runup
/ jim