Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Crimson Ghost who wrote (64871)	3/1/2001 8:02:30 PM
From: Square_Dealings	Read Replies (2) of 116756

George, I dont know how to tell if its heavy pressure or not because one thing I hate on this stuff is you cant see the volume. It may be that theres not much activity so the bids are dropped to scare people into selling. Someone on the silver board today said that when the spread on silver is more than 3c then there isnt any legitimate trading going on. I notice that gold is showing down $2.80 right now but theres a $2.00 spread. The bid is off 2.80 but not the ask. The fact that the gold stocks acted well today and even the silver mining stocks (silver had an ugly day, I think it was an outside day) in the face of lower metal prices tells me someone believes that this wont last too long. It could also be that someone is letting the shorts set their own noose and short at these lower prices if they want. Hard to believe that with the XAU acting so well and in a classic breakout set up, that POG would tank. Every economic situation is present which should drive the prices higher. M.

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