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

To: goldsheet who wrote (7971)	9/28/1999 12:57:00 PM
From: Pete Mimmack	Read Replies (1) \| Respond to of 81036

Bob - Didn't I see on your "master chart" that the POG/XAU ratio was getting to the high end of it's range? Seems that the bigger move in POG today might just be solidifying the gains in stocks so they don't have to do a reactionary pullback (he speculates optimistically :-). Pete

To: goldsheet who wrote (7971)	9/28/1999 1:37:00 PM
From: GVC	Read Replies (1) \| Respond to of 81036

xau may not be up as much today in relationship to gold increase, but then again, when gold decides to correct this amazing rally, xau my not tank as much if investors hold their stocks expecting another leg up down the road

To: goldsheet who wrote (7971)	9/28/1999 4:15:00 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81036

Bob : Yes, we have previously discussed how gold shares had risen disproportionately to POG. Now the situation is righting itself as "profit-taking" is seen in shares while POG has continued upwards. Although the situation appears technically weak for shares in the short-term, I believe the outlook for continued rises in shares and POG is still good. The long-term down trends in POG and XAU are broken and I do not yet see anything like a top reversal pattern in place. I'm still hanging in there although, I must tell you, I was tempted to lighten a bit earlier today. Anyway, the rise in POG to $310 from $260 a few days ago was just amazing. Must be big short-covering. I wonder what tomorrow will bring? PS. I have just seen that POG has in fact been to $328 and has made what looks like a reversal spike. Now I'm really confused. kitco.com