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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: DanZ who wrote (48216)	5/19/2003 12:15:53 AM
From: Beachside Bill	Read Replies (1) of 53068

Analysts said this indicated the ministers were not worried about recent currency volatility and that the trend toward a weaker dollar would be maintained. That feeling was reinforced by Snow, they said. "Fundamentally, everything is friendly to gold," said a dealer with one of Japan's top trading houses, adding that merger talks between South Africa's AngloGold Ltd and Ghana-based Ashanti Goldfields were also stoking buying. UPDATE - Gold hits 3-month high in Asia as dollar melts biz.yahoo.com February I stated gold stocks should go lower. NEM did not budge much but other stocks like RGLD did move. finance.yahoo.com When I covered in late Apr. as posted on the Z, it appears to have been a weekly bottom. Still expecting new highs in gold and gold stocks over the next 6 months to new highs. Note: I am long the sector at this time.

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