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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: Rarebird who wrote (62452)	1/4/2001 12:41:04 PM
From: goldsheet	Read Replies (1) of 116762

Sometimes correct, sometimes wrong, too ! In late 1999, I said silver was going under $5 after Y2K hype and may get as low as 4.50 (probably my best prediction) In May, I said gold was going sideways ($275ish) for the rest of the year. It made a little run toward $290, but averaged $279 for the entire year. I did not expect an XAU rally, but expected it to hold better than it did. I missed the October/November opportunity to buy back (XAU@41.61) Newmont was cheaper than ABX (a ratio I use), so I should have known to buy NEM ! goldsheetlinks.com Anyway, you did get in and I give you credit for an excellent correct call. Here's a good chart showing how good the November opportunity was: stockcharts.com (nice double bottom on the daily chart) Despite my incompetence, I still managed to make about 25% in gold stocks in 2000. I wish I had just put all of my money (instead of just some) in 30 year zeros and went on vacation for all of 2000 <g> stockmaster.com

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