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

To: Lightning who wrote (42746)	10/12/1999 7:33:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116756

when a market rallies at the end of a day.. I read a lot into it :-)

To: Lightning who wrote (42746)	10/12/1999 7:57:00 AM
From: Tunica Albuginea	Read Replies (3) \| Respond to of 116756

Lightning, gold is blazing right through all doubts and resistance. By the time the Internet folks decide to get into it, NEM will be 40. The dice is cast They cannot keep the POG down any more. (" They " is everybody who did that in past 30 years ). I believe the ECB has declared their independence from the dollar as world wide currency. The Euro may be another one but it is very weak. The 3rd world will now slowly move towards gold if not as a back up at least in their safety boxes. As the US dollar loses value by the day there is nothing that can be done to prevent POD from going up. The Fed cannot sell gold. Any gold sold now I think will be picked up at current prices by everybody who has a hedge and so the supply will quickly dry up. Gold will be up there before anybody is awake for coffee. I will keep averaging upwards and downwards and adjusting my portfolio. Got to run, later, TA Message #42746 from Lightning at Oct 12 1999 7:25AM To all: XAU may have had a good move yesterday because the masses read in Barron's over the weekend that they could have made 40% in gold mining stocks in a month and the stuff they own went nowhere in the third quarter. So the Johnny-come-latelies put in buy orders for BGEIX, FGLDX, GOLDX, USERX, etc. Lo and behold, the fund managers don't like to sit on cash, so they bought some gold mining shares. Would-be-sellers also got greedy, so on the margin, the price of these stocks went up. Stochastics still indicate that XAU and POG are over-bought, so I wouldn't read too much into a one day move.

To: Lightning who wrote (42746)	10/12/1999 8:02:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116756

GATA NEWS/Ted Arnold/POG First - POG is popping today - 'overbought' doesn't mean much in this sort of situation. It was probably 'overbought' much of the time in the late 70s when it was sometimes moving $40 in a day. Interesting about Arnold - now with Bache. He seems to be trying to limit the damage to his clients by talking about a ceiling. He says that CBs will be selling at the $330 level - but first he would have us believe the 15 CBs would 'cheat' - now he simply says they will 'sell' - ignoring conveniently the 400 ton per year max. Murphy is right - we have seen Arnold turn - like a boar on a spit - may he go on twisting. In the past - way back - he was a bull - but this was before the carry trade and all that. d