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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Stephen O who wrote (4428)3/17/1999 6:42:00 PM
From: sea_urchin  Respond to of 81957
 
Stephen : I'm referring to the "support level" at 60. If that breaks, the price is technically very weak. Although it looks like it will break, it doesn't have to. In fact, if the price holds that will indicate strength (triple bottom).

POG is testing the lower Bollinger band and could rebound.
digisys.net

The dollar is also looking critical and could easily drop. As I said earlier, if that happens and POG holds then XAU could also hold.

But having said all that, what I'm really looking for is a sharp sell- off with POG falling to about $270 and XAU to wherever. If that happens, I would be prepared to stick my neck out and say it's the bottom.