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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: Richard Mazzarella who wrote (47441)	1/25/2000 9:18:00 AM
From: Rarebird	Read Replies (1) of 116753

< There have been many false starts with POG> < Past Gold Buying Signals and forecasting fail regularly> True. One would think that the so called despair here would manifest itself in a high put call ratio when you look at the options of NEM, ABX, PDG, HM and the XAU itself. The exact opposite is the case, however. Hope springs eternal. I've been guilty too at times. <I would suggest that the XAU will lag POG until the market is convinced that it should be otherwise. JMHO> This Market is only going to get "convinced that it should be otherwise" when this bubble bursts or a severe correction takes place, bringing the dollar down with it, freeing money to enter this market. Yes, " the XAU is leveraged to POG." That is why it usually leads the metal.

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