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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (78227)	8/1/2003 6:24:46 PM
From: SwampDogg	Respond to of 209892

Gold actually closed right at trendline support of the recent trading range if this is a consolidation triangle. Any lower and this would change. AS far as the COT goes this is old news by the time that it comes out. Commercials that were short at $360 are covering at these prices. That is the trade. I have been wavering back and forth as to whether this is a primary gold bull or not. It is looking to be more and more the case the way this is shaping up with the general equity and bond markets. Equity low and gold high coming soon to a theatre near you. This interest rate shock has taken a leg out from this market and it is teetering.