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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (1304)6/26/1998 2:13:00 PM
From: Ahda  Respond to of 1911
 
Now you have made me laugh too your are giving much sunshine so nice to have.



To: Alan Whirlwind who wrote (1304)6/27/1998 12:10:00 AM
From: ahhaha  Respond to of 1911
 
Gold stocks within the XAU are acting very well. They are not being sold, but they are extremely sensitive to the upside. Referring to the XAU any upside now penetrates the tight downtrend. I like the structure though I think it is fundamentally premature. Just take a look at the XAU chart. With the oil market firming up we could get a good tradable rally starting at the opening on Monday. It would have to drop immediately to negate the structure, so you're at a good gambling juncture now to go long. By that I mean the downside is played out while the upside could really jump.