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[sharechat] Gold Chart

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Tue, 25 Nov 2003 19:48:41 -0800 (PST)

Allan,
      The recent drop barely registers on a long-term chart - certainly it is 
well within the "noise" level and comes nowhere near a trendline break. 
 I have marked some of the more salient resistance levels. It is interesting to 
see resistance appearing at the same levels, even though the peaks may be 
separated by many years. The market has a long memory. It will be interesting 
to see if/when the $400 level is broken, though $416 (as a multi-year high) has 
more significance.
         Regards,
                  Phaedrus.

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