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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (1001)6/27/2000 10:20:00 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
i basically agree on the concept of the XAU, or any other gold stock index for that matter as a leading indicator. but have you considered the possibility that the XAU may be hampered by a rise in production costs at the moment, a la PD's problems?
one other thing...gold is different from equities (and gold stocks also differ in this manner from other equities) that the rallies are sharper and shorter in duration than the corrections, so there may not be a slowly building rally. it could all just do a moonshot one day that isn't beaten back down like the bear panic spikes lately.

anyway....good night.

PS: i see they're bidding up the spoos...getting ready for the FOMC rally.
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