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To: John Pitera who wrote (25163)3/13/1999 10:52:00 PM
From: Terry Whitman  Read Replies (2) | Respond to of 86076
 
Got Gold?

Nick Goodwin: Well the level most recent was $290. It's gone through that, that's where the 200 day moving average is at. That's a very important level, in fact world-wide they would watch that level. Also the moving average is actually flattening now and I think if the price moves a bit it could start picking up, which would indicate a major break on the gold price. Then the next resistance was $293,30 which it's actually been through, we've been above $294 and it's sort of come back now, and thereafter it's $298 and then $305. If we can get to $305 it will go to about $315 and that will really push the shares substantially. But the pattern that the gold price has formed in the last year is very encouraging. It's actually a reverse head-and-shoulders for those technical analysts who understand that, in that you had a low in January and then you had a point lower than that about in August, and now a point higher. So that pattern is actually very positive I would say for the gold price.

Tips hohohoing over on BK thread. Bad sign. <g>