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

To: Richard Mazzarella who wrote (8305)	3/13/1998 8:33:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116823

Richard - Thanks for posting that link. This discussion is getting interesting. Can you tell us how the overbought/oversold indicator is derived? That knowledge would enhance our understanding of the charts. regards - Tom

To: Richard Mazzarella who wrote (8305)	3/13/1998 8:57:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 116823

Richard if you use ABX as a surrogate for gold and the XAU:http://www.iqc.com/chart/default.asp?period=120&time=day&chart=bar&chart1=bb&volume=y&rsi=y&stochastics=y&momentum=y&symbol=ABX ABX has an ascending triangle (higher lows and higher highs) and is trying hard to break above 21. Short term we are in between overbought and oversold, kind of a rock and a hard place, and I'm betting on the soft yellow rock -g- ICBWAIHBB -gggg- bobby

To: Richard Mazzarella who wrote (8305)	3/14/1998 2:27:00 PM
From: Tom Byron	Read Replies (1) \| Respond to of 116823

Richard: Have seen this site just recently. You might want also to take a look at marketscience.com or this one: sharenet.co.za I have some indicators that have me a little concerned about the direction of the XAU. One includes the "ultimate oscillator" technical indicator available at bigcharts.com That indicator appears to show that on the daily and weekly XAU charts, we have approached, entered the overbrought area (the sell area). But comments by Deaner at prudenttrader.com in his Thursday report about oscillators and periods of time when technical indicators lose their value-- i.e. during times of compression of prices, bollinger bands, etc. has eased my short term concerns about the direction of the XAU.