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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.04+0.7%Jan 16 4:00 PM EST
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To: Lucretius who wrote (39525)8/24/1999 4:45:00 PM
From: Zardoz  Read Replies (4) of 116874
 
well, at least I got you to finally take a position.... so you are long the dollar and bonds and short the XAU right here, eh?

You know why I reply to you. Cause you are so lame. Every time you respond to me, you demonstrate that you are a full member in the greater fool theory. I said before that I wouldn't own the XAU stocks at this time {Aug 11/99}, and had I; I'd sell and/or short them. Since then the POG has fallen, noticeably. And the XAU stocks are slipping away. You profess that a day does not make a trend, and then come back as a 3.08% intraday trade. You don't get it do you. I'm only long three stocks, two are financials, one is a junior resources. I made more in the last two weeks on the financials then the XAU has in the last 2 years.

As far as contrary indicators go, I look back at your reply this morning.
You said: I am still long gold shares.
And the XAU ends up -3.12% on the day {just off the lows}. I think you owe all those here and elsewhere a big apology for destroying the Gold stocks. PLEASE don't say these words: "The gold stocks are the only investment in town". I don't think the XAU index can handle the sell off.

Hutch
PS: I'm now laughing AT you.
PS: I said I see the 30 Yr bonds going to 5.25-5.5% before March 2000
PS: Gold will hit a low in mid Oct, rise in NOV 99
PS: US Dollar is ready to rise. {should've started already}
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