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

To: Rarebird who wrote (42148)	10/5/1999 11:37:00 AM
From: Robert J Mullenbach	Respond to of 116753

Rarebird, AWESOME, Happy buying and holding in gold boom anyone short Gold is feeling AWFUL nice come back. forget the price, just hold, IMO.

To: Rarebird who wrote (42148)	10/5/1999 3:29:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 116753

Rarebird, my analysis of Alan G and POG: Alan G. today made a ( ? token ? ) effort to defend the US$ by giving the impression that he is willing to tighten rates in the future. Theoretically that would be anti-POG which thrives more on inflation fears. So there is a chance that POG may not close above 328 technical resistance support level. What would improve Gold outlook is further inflation news in next weeks. My guess is that POG will tend lower today and through wed and thurs while waiting for unemployment numbers Fri. Fri morning when nos. are out the direction of POG near term can be better determined. If nos. are bad, then there will be continued pressure on the Fed to act before Dec 31st to raise rates. The Fed however does not want to do that IMHO because of the 3 steps and tumble rule. So there will be games played by The Fed and Washington to pull a rabbit out of the hat. In that environment Gold will have an opportunity to rise to 350. Between then and now trading gold will be a good opportunity. However let us also use a word of caution: Don't forget that if you look at stock charts for Oct 1987, all stocks , irrespectively went down, all IMHO TA Message #42148 from Rarebird at Oct 5 1999 8:59AM Gold appears to have just come down to test last weeks resistance at $328 and made it support. We must close above $328 today.

To: Rarebird who wrote (42148)	10/5/1999 7:29:00 PM
From: F. Evans	Read Replies (2) \| Respond to of 116753

Rarebird..... >>We must close above $328 today<< That didn't happen. How does that change your outlook if it changes it at all? I firmly believe that gold has moved a bit to fast..(albeit because the panic shortcovering)...in my opinion, (and I do not profess to be a gold bug), I see it taking a bit of a breather for the next few sessions as it retraces back towards the $300.00 level, possibly down to some $290 support...if and IF, she wants to blow higher, this retracement will be healthy for the next push upward. Remember, it did come down sharply off it's 24 high to close up just over $6. Gold stocks got sold off sharply at the close which could spill over into the morning trading....comments anyone? Frank