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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Lucretius who wrote (40621)	9/22/1999 5:14:00 PM
From: Zardoz	Read Replies (2) of 116770

Hutch: new lows in Oct? I don't remember Sept being part of OCT. But in your quixotry world where you believe the Yen will reach 80-75, US 30yr 8% and the Dow 6000; anything would be possible. The rise in the POG can be attributed directly to the currency flux. Eight times or a hundred times over subscribe means little unless a large number of those over subscriptions occurred above the market spot price. It's just one small spike in a larger down trend. And although may be trending higher, still has much more chances to collapse lower. Today the XAU signaled a highly over bought condition, and barely ended higher. Those whom believe that a new trend has started should take more time to study gold as a currency. members.home.net quote.yahoo.com quixotry: romantic and absurd ideas; impracticable schemes or actions. Hutch.

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