Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Enigma who wrote (30986)	3/31/1999 6:53:00 PM
From: sea_urchin	Read Replies (1) of 116764

DD : I'm not able to gauge market sentiment in terms of the numbers of bulls and bears and from that deduce an "oversold" situation. In fact, I don't think market sentiment amongst people "in the street" is of much importance in determining market action in the gold price. I consider the gold market is very professional and not subject to much emotion. My own particular views, as to the pricedness of gold, are based on a multiple linear regression analysis against a basket of currencies. I then use statistical analysis to determine an "overbought" or "oversold" situation. I do the calculation monthly. Last month POG was priced as neither too high nor too low, against the currencies. SS

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