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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Finucan who wrote (366)	5/6/1999 9:22:00 AM
From: Dan P	Read Replies (2) \| Respond to of 972

Thank you for your comments. Gold funds and the XAU continue to rally strongly. Larry Smith has pointed out that the XAU chart remains bullish, in spite of many savvy technicians calling for a top in the XAU and the gold stocks. Perhaps this is an example of a situation where a stock or index catapults into extreme overbought territory, at the beginning of a strong move. Time will tell, of course. In the meantime, the monthly chart on the gold-eagle.com gold funds index has not only formed a rounded bottom, but the index is above the 200 day MA, and seems to be holding there. This is the first time, mind you, since 1996 that we have what appears to be a significant turn. Here is the link: gold-eagle.com Regards Dan