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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

Nov 10 4:00 PM EST

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To: goldsnow who wrote (32621)	4/27/1999 1:19:00 PM
From: Zardoz	Read Replies (3) of 116753

someone should mention that of the #shares shorted on the XAU stocks, at higher prices, still need to be covered. Unlike the physical shorts on gold. Try covering millions of shares, takes a few weeks. Maybe this is why the XAU rises when the POG barely moves, or even moves lower? You can't compare apples-oranges, internet-Gold; stocks. In a short covering rally; if this is one; the XAU stocks will reach an upper valuations relative to PE's & Gold. All you do is set an upper price limit. This is not neccarily a good time to buy gold stocks unless you feel the earnings to increase &/or the POG to climb. Gee, maybe I better cover. {all 40M shares)

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