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[sharechat] Gold Chart

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Tue, 25 Nov 2003 21:56:34 -0800 (PST)

Allan,
      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.
 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. 
 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.
    Regards,
              Phaedrus.

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