Crack Splitting (part 3)

May 15, 2006

Gold more than doubled last Friday's loss today. Closes for Mon 15 May '06:

Gold: U$ 685.00, down U$ 26.80
XGD:TSX: C$78.40, down C$ 6.38, down 7.53 %

From an intra-day high of U$ 730 Friday, to an intra-day low of U$ 678.60 today, the drop was U$ 51.40. Looks like the crack has begun, right on schedule. But we're not all the way there yet. Will need at least another U$ 25 from today's close to get down to the "predicted" levels. There's still a week or so to get there, with the likelihood of a short-lived bounce sometime real soon. Dive, DIVE, DIVE!


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