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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 (68841)5/8/2001 11:37:15 AM
From: kirby49  Read Replies (3) of 116756
 
George:

I like the way this is going, kinda slow and methodical. The middle of the W bottom from Mar 1 to 14 roughly, when POG went to 272 was just the wake-up call. I am a little worried about that open gap on 04/04 on the XAU however, care to comment? I also can't believe the predicament AG has got himself into this week. Paradox,confusion all good for POG. He has to justify a 1/2 cut in this overheated rally in the markets because he jumped too soon with the mid-meeting cut. <LOL> Maybe he'll get lucky and the Naz will crash for a week. Has he got an out?

So we've had a good month along with the Naz (GBU +73%), which way divergence? Should we tighten stops and take profits and let the major markets and $US blow out. I'd like to but I don't think I want to risk my positions at the next divergence in that senario, when major markets go down and gold back up. Anyone else out there like to comment as well on the importance of that gap.

Regards

Bob
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