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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.99

+0.3%

4:00 PM EST

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To: TATRADER who wrote (64874)	3/1/2001 11:20:25 PM
From: Richard Mazzarella	Read Replies (1) of 116753

Mark, <<if that can ever truly be said of gold>> You nailed it. It's now obvious that all we had before was a little short covering that couldn't be sustained. Everyone is so used to trading the runs, real pressure for a full fledged short covering rally panic collapsed. Interesting that all we have working for us with this useless yellow metal is the potential for short covering, no real improvement in demand. Our continued fascination with gold convinces me that anyone interested in gold long term must have their head up their ass. I'm pulling my head out now. LOL

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