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To: Broken_Clock who wrote (40571)	5/12/1999 8:33:00 PM
From: NickSE	Read Replies (2) \| Respond to of 86076

PK, IMO, today's reversal in oil does not bode well for gold. Recent strength in gold has partly attributed to oil's rise and today june crude gave a sell at 17.80. If it doesn't hold 17.30, I think both will see lower prices. BWDIK... The XAU levels you listed need to hold. June gold (gcm9) may be putting in a double bottom if it can hold above 276. Buy signal at 281 with major resistance at 288. XAU showing good resistance at 66-67. Higher lows for the xau and gold? Methinks the commercials are getting long beyond 200k again. Gold may very well rally short term. Nick