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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (80)3/9/1999 7:23:00 AM
From: Dan P  Respond to of 851
 
Bobby:

Thanks for the very nice chart. Looks like DROOY on your chart
is a hair from breaking out. Also of interest to me are the
gold funds, as their action often is a more reliable indication
of what the sector is doing than any individual stock or narrow
indices like the XAU. Gold-eagle has an interesting gold fund
average, and it looks like it may already have signaled a major
multi-month trend reversal, to the upside. They feature both a monthly
weekly, and daily chart. The 50-day moving average was broken
yesterday, and on the monthly chart, the break in gold and the
gold stocks of Mid-1996 looks like it is about to be reversed
to the upside.

Here is the link: gold-eagle.com

Now what we need is a continuation of the rise of pog. a one day
rally won't do it.

Regards

Dan



To: bobby beara who wrote (80)3/9/1999 10:51:00 AM
From: D VanSwol  Read Replies (1) | Respond to of 851
 
How do you tell from the volume that accumulation is taking place, or did you get that info elsewhere? If so, where? TIA

P.S. DROOY up nicely today; over 6%.

--DVS--



To: bobby beara who wrote (80)3/10/1999 7:18:00 AM
From: Dan P  Read Replies (2) | Respond to of 851
 
Bobby:

I presume that your updated chart shows a break-out, at least on
an intermediate basis. My only concern is that this was only
a 4-day or so rally, though the large move in drooy and the
turn in all of the indicators suggests that the move is going to
last a while.

I am sure it depends on what pog does.

Regards

Dan