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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (20836)	4/30/2004 2:40:42 PM
From: Jamey	Read Replies (1) \| Respond to of 81266

I believe that the consolidation of mining companies and the financial readiness of the banking industry is a positive indicator that others are of the same opinion. I am aware of the Chinese intentions to slow down economic growth but how do you stop a train quickly that is going 120 MPH? I don't see gold (worst case) going much lower than it is right now. Also remember that it is in the best interest of company growth to see a falling dollar. James

To: sea_urchin who wrote (20836)	5/1/2004 2:20:36 PM
From: Gary H	Read Replies (1) \| Respond to of 81266

From the chart you supply there is a strong divergence between the the lower lows of the gold price and the MACD zero oscillation which indicates an upward turn in price. What can not be ignored is the Fibonacci retracement from $432 to $254 where the current price has already dropped below the 23.6% line. The next ratio down is 38.2% which is $363. If you do a retracement from $432 and place the 61.8% line on the low of $387 then the 100% line is at $360 or the difference between $432 and $387 times 1.618 equals $360. Working with the range of the low of $339 up to $432 places the 23.6% on the $361 line. Starting at the low of $319 up to $432 places the 38.2% at $362.