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

To: long-gone who wrote (42584)	10/10/1999 12:00:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116782

It shows one high cost small cap versus one low cost large cap, which demonstrates leverage versus cost of production, and very little to do with hedging. You need to compare firms that are much more similar, except for the hedging position. Not to mention, I like the 30 month chart more than the 30 day chart ;) siliconinvestor.com

To: long-gone who wrote (42584)	10/10/1999 8:19:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 116782

Richard, as you recall on June 1, 1999, I inserted my foot into my mouth and called the beginning of the great bull gold rally with NEM trading at 16.75...As you realize I was all wet since NEM put in a double bottom on 7/19 at 16.37...Saw the first bottom, but didn't antipate the second..Should have listend to Richard M at that point.. Well anyway, here is the XAU report for tomorrow... The XAU is presently attempting to fill a gap in the 72.50-73.00 area..Since everyone is expecting this to take place, I highly doubt it will happen..My fast stochastic 8 period has a reading of 5.176, a bit lower than Thursday's reading at 5.299..However, as you can see the momentum on the oscillator has definitely slowed...I am going to call the reversal in gold stocks sometime Monday...Using the Gann Retracement, the farthest I see the XAU nosebleeding on this retracement is 75 with a mean reversal taking place at that level..Fibonacci arcs and the 30 period envelope are giving a reading of 76... Putting all of this together, I think the XAU will attempt to retest the 76 area, fail with the downside momentum and reverse to the upside..I plan on loading the boat tomorrow on selective gold shares...Enjoy reading this thread, never comment much, because of all the big wigs here.. Regards, Mark