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

To: Broken_Clock who wrote (22900)11/12/1998 9:38:00 PM
From: bobby beara  Read Replies (2) | Respond to of 116753
 
PK, been looking at the gold charts. We had a nice high volume momentum peak into 10/7, now I believe we might be on the verge of a breakout price peak in the XAU and the 2nd impulse up in the XAU bull.

We need to take out the October highs on big volume to confirm my theory, if so we should see some very nice follow thru buying.

If we don't take out the highs, we should have some more base building for a breakout in december/Jan.

the XAU RSI basis the S&P has broken the downtrendline from 1996 and retested it, gold stocks are under big accumulation.

bb



To: Broken_Clock who wrote (22900)11/13/1998 12:51:00 AM
From: Giraffe  Read Replies (1) | Respond to of 116753
 
>>gold did rise from about 345(July 90) to over 400 as tension increased then sold off on the actual invasion(January 1991?). <<

That's exactly my point - it took six months to move that far.

You have to laugh when these so-called experts give their typical 'no longer safe haven because gold only moved x dollars today'.


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