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

To: bobby beara who wrote (9363)	4/5/1998 12:18:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 116790

XAU Update I have been looking over the recent move from the 71 low of March 20 and feel we have made a closing price high for this wave of 87. I expect some follow thru buying on Monday morning and am hoping for a 90-91 price target. I don't expect to hold that for the close. We are getting heavily overbought and POG is sitting on a resistance point and needs to follow thru to give XAU a firm foundation. Because of the vertical nature of this move, I expect a fairly vertical corrective wave of at least 50% which would bring us back to the neckline of the H&S at 79. The big number of posts on this thread in the last few days in a great sentiment indicator of a short term top. Also you hear lots of gold discussion now in the media, the cat is out of the bag, time to sell into the strength. Here is another sentiment indicator for you. Notice that the internets have made it to the front screen on SI -gggggg- buena suerte, bwdik bb