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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: PAUL ROBERTSON who wrote (69979)	5/22/2001 1:32:17 PM
From: ItsAllCyclical	Read Replies (1) of 116762

>> the stocks are $50 too far ahead of the gold price. << Look where the stocks peaked back in Sept 99 when gold did spike $50 higher to $340. quote.yahoo.com NEM hit $30, PDG hit 16+ Some of the bigger/safer (AEM, MDG) plays are approaching those levels, but the juniors are still very cheap. KGC peaked close to $3.5 and stayed in a range from $2-3.5 during the last run. KGC is back to .9 today. The juniors move so fast that I don't want to try to time them. I don't have any large caps here, but I'm keeping my juniors because I feel this is just the start of a longer bull move. I hedged my bets a bit by shorting NEM and AEM earlier today at 1/2 the size of my KGC position. Lehman and others will almost always talk down gold. I didn't believe them when they told me to buy tech and I don't believe them now when they tell me to sell all my gold holdings.

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