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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Ron Everest who wrote (1260)1/7/1997 1:10:00 AM
From: Bruce McGaughey   of 35569
 
Ron Everest- Thanks for the URL. Pretty neat. Yeah, there are a lot of gold shorts out there.
When they cover, the XAU and the metal will run very well.
I did an interesting exercise on Telescan tonight.
I took two 4-year charts and compared them.
One was the XAU and the other was gold spot price/XAU.
As you might expect, when the gold price was not as sold off as the
XAU, there was a spike in the chart. This was followed by a run in
the XAU. Sometimes, not too big of a run, but a run, nonetheless.
Well, we have had a spike in this gold/XAU chart this last week.
In other words, gold is not as bad as the XAU would have us believe.
Maybe a run in the XAU is not far away !!
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