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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%Nov 17 4:00 PM EST

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To: Zardoz who wrote (64630)2/27/2001 7:47:16 AM
From: long-gone  Read Replies (1) of 116762
 
<<END OF MONTH FUTURE EXPIRATIONS...
3 Days before the end of the month....

Geesh....{ Every second month the gold markets moves $4-$5 and many think it's a rally... Question is can Gold Spec's build on that? >>

That's a load of B.S. you well know there has been NO SINGLE DAY MOVE of $4-5(up) in 6 months straight. Yes, I cautioned everyone against being overly optimistic this near options expire, but something is a bit different this time. Gold price range for the ENTIRE month of December 2000 was $269-275 One must step back to August 2K to see the move about which you speak, then May 2k before that.

Options expire doesn't account for the moves off bottom prior two days or moves in XAU prior couple of days before that.

No, I Agree with you at some level and I'm also far from sure "the greatest bear market of all time has ended", & I AM HIGHLY SUSPECT of the ability ANY gold rally being able to sustain past $298-302. That said, Hutch, the numbers SIMPLY DON"T LIE, & we shouldn't lie either - in either direction. There are moe than enough lies & 1/2 truths from the media about gold without us playing that game.

When it at last is different, you should be first catching a ride on that wagon but with this attitude you & all who follow will be far late to that party - but I'm not sure this is "that party". No one rings a bell at bottom - or top!
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