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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Gary H who wrote (15198)	8/4/1998 5:31:00 AM
From: Zardoz	Read Replies (3) of 116759

Many of you know I'm short term BEARISH on this metal... BUT an oppertunity has opened itself. My calculations shows that the theoretical spot price of gold, based upon currency and currency fluctations, is really $293.00 compred to the present spot price of Gold 285.80/286.30 08:56a EST But since the correcting of this is usually $5-10 per Oz more. Than you can expect it to get to $298.00. Or $12 per Oz. higher. And this will be done before Friday close. OR until the Currency fluctations decrease. Which can only happen if the CDN Dollar goes to 66.25+ or the YEN to 143.00-. Or the US/MK goes up. So you should see a 5%-7% increase in many of the XAU's stocks. {Some like ABX, HM will be higher} This will cause a large swing in the TSE 35/100. PS: The trend is still down, this is a temporary rally. By Tuesday the trend will be down, since the USD is trending higher against the world currencies as a whole. This is what we do: buy on margin, or short term expiration calls {and sell by friday}. This is not a recommendation.

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