Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (20012)	1/16/2005 11:42:47 AM
From: steve from ihub	Respond to of 60908

<I think if it goes much more than that then its a real problem. we are total agreement on that. the 88-92 area on the xau has been a key reversal area for both support and resistance in each of the last few years. a break of 88 and i really dont see why that wouldnt lead to a test of 76-82 from a technical perspective. fundamentally, i dont even think we should be below 100 xau but i have only followed the miners for about a year now, so am not one to judge the industry based on FA. your instincts have served you well on this decline as well. i have traded the miners once in december and once in jan with modest gains and then got out. fridays entry gets me back in just below my last entrry with a few percent gains in the bank. that would ease a dump to 90 on xau where at a minimum i would expect a bounce to 93/95 xau.