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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.88+0.9%4:00 PM EST
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To: long-gone who wrote (48890)2/12/2000 8:07:00 AM
From: Rarebird  Read Replies (1) of 116762
 
<Some of even those living in the light questioning the government numbers>

The Auto stocks are not exactly in favor these days. GM fell over 10% this past week and broke below its 50 day moving average for the first time in 4 months. Ominous?

The longer the POG can stay at these levels, the more investors will reconsider allocating money to the gold mining stocks. At the moment, hardly anyone thinks this rally in the POG will hold.

Call me old-fashioned, but I'm looking at the Dow Jones Industrials and the Transports and their on the verge of flashing major major sell signals if they don't rally next week. As for this obsession with high tech and the Nasdaq, this is clearly indicative of the final stages of a Bull Market where investors turn to the most speculative issues for profit. As long as human reason exists, just about anything can be rationalized. Isn't there a Reason for Everything that Humans do on Planet Earth? Human Reason has become detached from Morality since the Death of Socrates.

The XAU is watching all of this very closely. It remains to be seen whether the long awaited Bear has finally arrived. After all, we have been told that Bear markets have been repealed in the New Era?
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