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

To: goldsheet who wrote (48087)2/5/2000 12:05:00 PM
From: Jim McMannis  Read Replies (1) | Respond to of 116753
 
RE:"SInce early 1998, when gold bullion made upward runs through $300,
the XAU moved into the 80-85 area, so far we are at 68.25"...

Absolutely, but the failures in the gold market lately have left the XAU a bit shy. Some coaxing is necessary. <G> Nice to see you and George have a profit.

Jim



To: goldsheet who wrote (48087)2/5/2000 2:18:00 PM
From: GST  Respond to of 116753
 
Bob: The gold/xau ratio depends on expectations. The moment there is conviction that this is a trend and not a blip, the ratio will improve. But that will take more than a move to 300 -- it may take a move to 350. That could take the xau back to 100 -- IMO. It is impossible to know where gold prices are going -- or the PMG either. But it sure looks like it is header higher, and I am very, very happy to be ob board. Good luck.


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