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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%4:00 PM EST

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To: Enigma who wrote (32610)4/27/1999 12:47:00 PM
From: bill  Read Replies (4) of 116756
 
Anyone, someone,
IN simple terms for those of us less knowledgeable and astute.
What is going on? ABX is now up 1.35 on the day PDG is up 85
but when I checked Kitco,it showed gold down from the high of the
past two days. I would have thought there'd be a link. I actually
expected, with the news from Japan, to see these two which seem to
act as markers for the gold market to be done with the Japanese
suggestion. ABX now +1.45 Someone is hitting bids PDG +1.00
Moved up since I started typing this message. No sign of other
gold produers suddenly moving to lare volume and escalating prices
but they usually follow the major companies up. I guess I've been
looking for a direct connection between POG and share price.
K just came onto the screen up 10. Maybe that means the junior companies are starting to react. I would have thought this would
have been the result of a major move in gold price or major news.
Is there a disconnect that I'm not aware of that has entered the
market? Are company prices now preceding an anticipated move in the
price of gold instead of the reverse?

(In a market where a computer company with no profits, a negative
report from its underwriter, can jump 18 dollars in two days leaves
me feeling nothing is connected anymore.)
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