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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: Enigma who wrote (47546)1/27/2000 9:23:00 AM
From: Rarebird  Read Replies (2) of 116759
 
<Well it doesn't look as if you're right - the Dutch sales and the BofE auction this month have dampened gold - but not killed it...>

I never said the latest BOE Auction would kill gold. I said the auction would be a big non-event. The Auction went fine.

One of the major problems is increased optimism in the face of the widespread selling. The selling in the stocks is not over by a long shot. There will be days of reprieve but the bottom is not in.

Let's see where the XAU and the POG stand in 6 weeks. We should be closer to a bottom by then.
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