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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Alex who wrote (59189)	10/1/2000 2:34:48 PM
From: John Paquet	Read Replies (1) of 116764

This is the most excellent FA on the gold market. Thanks for posting it to us. The commentator's view looks exactly like mine. As I said last few days US got spike down seriously, 11 nations conserted intevened the currency to rescuse the Euro $$. Gold got spike up, so did XAU. Oil spiked down from $36 to recent $30.50 November contracts, Saudi will pump large more production targetting oil price to $20-22. So timing to get gold move up is right now. Actually, it has started when spot gold hit that $268 December hit $272. Soon spot gold will breakou that $280 and then $300 within days to come. As the same token, XAU will breakout that 55 and 60 within dayss to come. That is why I am so bullish on gold these few days. Not only US dollar over-valued, over-owned, but also that equity stocks are still very much over-priced. Just look at INTC {INTEL CORP.} down from hecty $75 to recent $41 and there is no sign of bottoming out. As I predict that Dow will re-test that 9750, Nadsaq below that 3,000 mark within days to come, too. Both FA and TA are pointing gold will breakout that $300 within days to come. John Paquet

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