ROYAL GOLD INC (RGLD-Nasdaq): Technical Viewpoint: From a low of $15.27 on Oct 21, 2002 prices rallied, reaching a high of $20.44 on Nov 8, 2002. A decline saw prices pull back, reaching a low of $16.52 on Nov 29, 2002. Another rally saw prices penetrate resistance, closing 12/23/02 at $23.96. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 5, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $21.00. Resistance: Is at $25.19. Point & Figure: Reversed to the upside on Dec 19, 2002. A P&F upside reversal takes place at $22.00. Summary: Technical indicators have turned bullish. BUY! ROYAL GOLD INC (RGLD-Nasdaq) @ $24.13 Stop: Use a protective stop of $22.13. ROYAL GOLD INC is currently trading @ $23.96 plus $1.67 on Dec 23, 2002. Price Objective: $37.00. Risk/Reward: $2.00 VS. $12.88. Today's Risk Reward Ratio: 6:1