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

To: waldo who wrote (20566)	10/4/1998 12:31:00 AM
From: G.T.	Read Replies (2) \| Respond to of 116790

World Growth Slows We all know that is a given. U.S Treasury's set record low yields, makes sense with growth slowing and U.S. dollar continued safe haven status for now. Surprise is the firming price of gold to many. Only the U.S. Treasury bond and dollar has had a better rate of return than gold this year !! On Friday the Monthly MACD gave a buy signal on gold the first time since it gave a sell in the summer of 1996. This indicator usually precedes the monthly moving average by one to three months. The weekly indicator had given a classic bullish divergence with the macd rising even though the price of gold fell to it's August low. Gold now attacking over head resistance at $301.15 spot, in fact intraday on friday gold was above this number. A breakout above this number and gold will run to $325 in short order. Consolidation would then be in order for a month or two. This is a world currency and financial crisis unless you live in the United States, coming very soon. Watch the U.S. dollar index a close below 92.35 would generate a technical sell signal. Those safe haven treasury's would start to feel less save each passing day. What's left after the U.S dollar breaks down "GOLD"