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

To: Alex who wrote (8403)	3/17/1998 1:43:00 PM
From: Tom Byron	Read Replies (2) \| Respond to of 116786

Life is a struggle. And so is the XAU. Please see this XAU daily chart with it's 10 weeks cycle. mgl.ca Yauger did not update last weeks action (most likely away on one of his business trips). But last Tuesday, March 10th,1998, the XAU reached the high point on this 10 weeks cycle. So right now as it is going into the downside of this cycle, it probably is acting as a drag on the XAU even though the XAU is definitely in the upside of the 38 and 114 weeks cycle. See: mgl.ca However, the 10 weeks cycle has been a little choppy recently; I believe because we have been in the process of a "turn". The 1-2-3 Up and Down "internal structure" of each cycle still is working but not as finely as in the past recent cycles. We could end #1 of the 1-2-3 down anytime and the 2 up of the 1-2-3 down can be strong. (see what happened after 6-Jan!!) Again it helps to draw in one own 1-2-3's internal structure or skelton on this chart to see of what I speak. (^.^)