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

To: lorne who wrote (45228)	11/23/1999 1:30:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 116814

>>amid fears that the UK's third gold auction, set for Nov 29, could again be a catalyst for an uptick in prices like it was in September.<< Why would this be bullish for gold prices? I thought the spike in Gold prices in September was due to the release that there would be less mass selling of gold by the banks. Also, while I usually just lurk this thread for the great and timely news posted etc, I wanted to thank all that contribute to make this a thread worth reading for all, even those that don't trade in gold. Any thoughts on the XAU or gold stocks in general? I took a position in the XAU this morning based on TA but the slide in the afternoon has now violated my daily trend lines but not my weekly ones. Is this a spike down before the bounce or are we headed back down to test old lows here? The charts all looked pretty bullish but today's action does have me a bit on edge. I expect the broader market to pullback in the next couple days and figured that there would be some flight to gold stocks as the rest of the market sold off but with today's weakness, I have to wonder now. Good Luck, Lee