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Gold/Mining/Energy : KITCO - Gold discussion
GLD 458.00+1.4%Jan 23 4:00 PM EST

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To: Broken_Clock who wrote (154)9/28/1998 8:34:00 PM
From: sea_urchin  Read Replies (2) of 989
 
Papaya : Charts always lead the news -- "Informed" trading is the name of the game.

In fact, the dictum is "Buy on the rumor, sell on the news!"

I suspect he'll lower by .25%. (This time). If it's 0.5%, the market will panic. By micro-fiddling he gives the impression that he's in control!

To see how the market is already discounting an interest rate cut (or whatever) observe how high the XAU is compared to POG. Go to
goldsheet.simplenet.com
Click on XAU/Bullion graphs at right hand side column, second down.
Look at the third graph. Note XAU/POG ratio
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