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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 12:00:42 PM
From: AC Flyer	Read Replies (2) of 116758

George: I'd appreciate it if you could answer a question. I recently took a gold position for the first time in 5 years, based on a macro perception that gold's time has come. The reversal of trend in the Dow-Gold ratio and the fact that the ratio is at the top of the channel seem persuasive. freeweb.pdq.net. Of course, the question is whether the ratio trend reversal follows the pattern of 1929 with a big win coming soon, or 1966, in which case we may have to wait 'til 2005 for $600 gold. Here's the question. While the recent activity in lease rates seems promising, every time lease rates have spiked since 1996 (http://www.kitco.com/lease.chart.html), the POG has kicked up briefly and then resumed the downtrend. Why should this time be different?

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