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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (41443)	9/28/1999 11:32:00 PM
From: Robert J Mullenbach	Respond to of 116767

This one is going to be easy to play, IMO. Just remember the start of the oil boom. take a look today at AEM, 9 was the wall, I figured at least 10 on close, it closed at 8. a total joke. with gold at 310. if AEM goes over 9, hang on to your chair, its the gold boom, IMO, if not , we made some nice money fast. happy trading.

To: Rarebird who wrote (41443)	9/28/1999 11:41:00 PM
From: Little Joe	Respond to of 116767

Rarebird: I have looked very carefully at my charts today and viewed on a daily chart, your observation is correct, but on a weekly chart the XAU is keeping pace with gold and in fact over the last few weeks it is still outpacing gold. Also, remember that the XAU does contain silver stocks and stocks of companies which mine other metals in addition to gold. Furthermore, I subscribe to Worden Brothers and they have a gold stock index which is more of a pure gold mining index. That index on a weekly chart is outperforming gold by a wide margin. Having said that, after a run up like the last few days a pullback would be in order. I suspect that professional traders will be taking profits soon, if they haven't started to already. Also, on a weekly chart the XAU, PDG, ABX, and a few others have completed or are near to completing Head and Shoulder Bottoms. I think the chances are better than even that a long term reversal in the gold market has occurred and that those who are still long a year or two or three from now will be very happy. Live long and prosper, Little joe