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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (94907)5/7/2003 1:20:31 PM
From: Real Man  Read Replies (2) | Respond to of 116931
 
I'd stay away from SA miners for now. Gold is not going up in Rand terms.



To: goldsheet who wrote (94907)5/7/2003 1:34:30 PM
From: Real Man  Respond to of 116931
 
pacific.commerce.ubc.ca

USDX should drop 4% in May. I don't expect it to break the 30-day channel. This will put gold to 356-358 by Early June. I would not be surprised if 362 is reached, which is a Fibonacci 62% retracement of
the gold fall from 390. Then, wave C of the correction should start into August, with gold possibly trading below the 300 mark. Actually, the minimal requirement for C is 292.


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