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


To: GVC who wrote (7975)9/28/1999 4:41:00 PM
From: goldsheet  Read Replies (1) | Respond to of 81050
 
> 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

Agreed, that was really my point. I was glad to see gold stock pause today and have a chance to absorb yesterday's gains. It put them in a more reasonable relationship with the underlying bullion, which had really got "out-of-whack" this year. Persoanlly I think $300-310 gold and XAU around 80-90 is probably a good fair value for both of them, and a proper relationship between the two.