Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: GVC who wrote (7370)	8/23/1999 4:45:00 PM
From: goldsheet	Read Replies (2) \| Respond to of 81318

> When was the last time xau went up with gold down over $3 -- and if > you know.. what happened next...did xau tank or gold rally? Seems like the XAU would not go up too often when gold went down over $3. I just put the appropriate formulas into my spreadsheets and since January 1984, there were 91 times when gold went down more than $3 and the XAU went up. The last time was March 16, 1999 when gold went down $3.60 to close at $283.20, and the XAU went up .77 to close at 62.49. Gold is down about 10% since then, XAU is up about 10%.

To: GVC who wrote (7370)	8/23/1999 9:06:00 PM
From: Zardoz	Respond to of 81318

When was the last time xau went up with gold down over $3 -- and if you know.. what happened next...did xau tank or gold rally? This is an opinion only: The volume on the XAU issues was light all day before the last half hour. The option traders, whether OTC or market makers need to cover their positions before close from Saturdays expiration. So in a light market, they have to raise their bids to close out positions. As such a blast in the last 45 minutes happens. Hutch Maybe Bob Johnson wants to go back and see how many times the seperation ocurred on a Monday after expiration?