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

To: Ray Hughes who wrote (23212)	11/20/1998 4:05:00 PM
From: Giraffe	Respond to of 117010

from buysignals.com Friday, November 20, 1998 Hold Gold! Last Signal Buy Gold 11/18/98 Ascending triangles (chart) form as buying and selling converge to an consolidation apex. The predominant resolution of this type of formation is a break-out in the direction of the previous major trend, which, for gold stocks was the September up-trend (reconfirmed in November). XAU 76 appears to now be solid support. Technically gold stocks were impressively resilient for a Friday, withstanding slight gold lethargy and the 'Friday weakness pattern'. Gold itself is finding psychological support from demand for it for the coinage of the Euro-dollar (which will be minted in gold first, then paper currency). Recent Buy Signals indicators have also turned up from low levels and confirm the probability that a break-out from this triangle should carry gold above $300 and the XAU toward 90. Our purchase was at 78.1.