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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: gold$10k who wrote (69319)	5/17/2001 12:19:14 AM
From: Claude Cormier	Read Replies (2) of 116753

valutrader, As I mentioned in our last week-end issue, gold stocks are no longer in synch with gold. Since last November, gold is up only 3% while stocks are up 50% on average. Some of our favorites are up 75%-100%. This is a performance ratio of 15:1 Traditionally the ratio over long period of time (>6 months) has been below 5:1. Something must gives. Either gold will explode pass the $274-$276 long term resistance very shortly, or stocks are about to correct at least 50% of their advance, if not more. Unless gold move strongly above $274 in the days ahead, we still think that gold will retest the $250-$255 level in the next few months and make an assault to $350 later this summer and fall. No matter what, there are stocks that are riped for profits. And there are others that are still strong buys. Enjoy the ride.

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