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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.63

+3.0%

Dec 19 4:00 PM EST

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To: Zardoz who wrote (56402)	7/18/2000 9:19:46 AM
From: pater tenebrarum	Read Replies (1) of 116818

i still don't see what you're actually trying to get at...what are you saying really? that the PoG doesn't matter for gold stocks because of your scatter diagram? the fact remains, when the PoG is in a definitive trend, the XAU goes into the direction of the trend and outperforms during up-trends and underperforms during down-trends. when there is no trend (as now), the XAU is more volatile than the PoG and the correlation is less pronounced. all this can be gleaned from eyeballing the charts...there's really no need for fancy statistical analysis. in short, if one thinks the PoG is going to rise, it's a good idea to buy gold stocks. if it's going to fall, it's a good idea to sell them. when the XAU/gold ratio is at a historically low level as it is now, a bottom is very likely near (in price - not necessarily in time).

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