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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Swami who wrote (21883)	9/28/1999 4:56:00 PM
From: Vitalsigns	Respond to of 62347

I suspect that the rally stopped at 328 because mines started forward selling again to capture the higher gold price. The fact that Pdg rode $5 on a $14 increase in Gold yesterday and closed almost even on a day which Gold rose $26 suggest that gold bullion price should retrace.

To: Swami who wrote (21883)	9/28/1999 5:10:00 PM
From: the Chief	Read Replies (3) \| Respond to of 62347

Hi Swami. ABX closed down even though gold was up considerably to $307!!! perhaps means bets are that gold rally is unsustainable? I think it may have more to do with the fact that ABZ approached 38.00 today, only $4.50 off of its 4 year high. $42.50 was attained in a time when gold was expected to hit $500.00US per ounce. So I think all these gold stocks have gotten way ahead of the actual price of gold. ABX/PDG/K are all priced for $370.00 gold right now, even though they have reduced operating costs substantially.(IMHO) Almost makes one think it might be a good short tomorrow. Just a snapshot from someone that has been away from the market for a few months. Not someone that has stayed "atuned" to the market. Once gold turns back, which I believe it will, watch our little Inut buddies like MCF move.....we'll see!!!! the Chief DISCLAIMER I have been wrong many many times, donot assume for a moment I have a cluck, of which I speak!!<ggg>