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

To: paul ross who wrote (96965)	1/12/2004 11:23:16 PM
From: paul ross	Read Replies (1) \| Respond to of 116764

GOLD Market: The "Central Fund of Canada" premium/discount ratio should exceed 25% to signal that this market may have reached maturity for the short term. Friday's reading came in at 9.68% premium. Readings between 5% and 10% have produced good buying opportunities for gold stocks in general. Gold stocks tops comes in a blow off type pattern and become extreme "Frothy". Judging by the premium percentage and other sentiment indicators, it does not appear a top of any significance is forming here. We have an upside target near the 2/23/97 swing high near the 123 level on the XAU. Gold may reach near the 450 level on this run. marketweb.com