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To: John Pitera who wrote (44872)6/3/1999 1:00:00 PM
From: NickSE  Read Replies (1) | Respond to of 86076
 
Do you have a time projection for that? Just curious?

BTW, P&F chart on June gold (GCM9) reversed up yesterday @ 268 from an oversold condition. P&F buy signal would come at 281 with major resistance at 288. XAU has also reversed today @ 62. So I wouldn't be suprised to see a short term strength in the golds. Don't know how long it will last though.

I would not put it past the "Trading Gods' to wash out Gold to 220 or 200.

Regards,
Nick



To: John Pitera who wrote (44872)6/3/1999 1:46:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 86076
 
John, it will be difficult to pinpoint a bottom in any commodity. I am not jumping into gold stocks yet but I watch it carefully.

The world is far from being a quiet place and the rumblings from China do not bode well IMHO. Kosovo will also cost a bundle if we will include their neighbors an RUssia for their cooperation.

BWDIK
Haim


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