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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (48565)	10/31/2003 3:41:55 PM
From: J.B.C.	Respond to of 57110

DWA Comments on XAU.... 10/29/2003 [XAU] PHLX Gold/ Silver Sector ($99.650) rallied to break a double top at $100, this is a relief for anyone who bought gold stocks 6 years ago and have held since, because based on the XAU they are finally in the black . . . for the first time in those 6 years. This is also a bullish catapult formation for the XAU and as mentioned, a 6-yr high. Weekly momentum is back to positive and the long-term bullish picture for gold remains intact. Solid support for the XAU just below 90, from here those looking to add exposure should wait for dips to the 92-95 area.