Forum Archive Index - November 2003

["Allan Potts" <ajp7079@excite.com>]

Hi Phaedrus,

Thanks for the update.  What had stuck in my mind from your last post was the 
very steep trendline which had reached 390 and now looks to be about 393+/-.  
With gold at 392.50 as I type this, I was getting a little concerned.  I can 
see however that the longer term trendline is well below this.  Thanks again.

Allan

disc. Long gold




 --- On Wed 11/26, Phaedrus < Phaedrus@techemail.com > wrote:
From: Phaedrus [mailto: Phaedrus@techemail.com]
To: Sharechat@sharechat.co.nz
Date: Tue, 25 Nov 2003 21:56:34 -0800 (PST)
Subject: [sharechat] Gold Chart

Allan,<br>      The recent decline in the price of gold is no more than "noise" 
- the 4 year trend is still up, and price action is nowhere near the 
trendline.<br> I have marked some of the more salient resistance levels. It is 
surprising how often peaks coincide, even though they may be years apart. The 
market has a long memory. <br> It will be interesting to see when/if the $400 
level will be broken, though the previous resistance at $416 is of more 
significance, being a multi-year high.<br>    Regards,<br>              
Phaedrus.<br><br>_____________________________________________________________<br>Are
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