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To: posthumousone who wrote (176400)6/29/2002 11:45:12 AM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
murphymorris.com

Notice the XAU trendline break.
Support is 67.5, the 200MA at 64, and 60.

The 200MA probably needs to be tested.
Might be a good buy point.
60 would be a great buy point IMO.

What I really want to see is a pullback to low-mid 60's with the COTs covering a big big chunk of their short position.

If they do not, I hope they get fully 100% fried as in JPM goes under when some kind of panic forces gold over 400 and we have a derrivative meltdown. Look at comments in the article about currency intervention. There is no doubt POG intervention as well. Mish is tired of this BS intervention in everything.

Want to buy gold stocks at the right time. Seems a bit early. Any thoughts?

M



To: posthumousone who wrote (176400)6/29/2002 2:07:41 PM
From: LLCF  Respond to of 436258
 
Makes sense to me...

DAK