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

To: Enigma who wrote (50417)	3/15/2000 2:41:00 PM
From: goldsheet	Read Replies (2) \| Respond to of 116815

The reason for ABX/NEM difference is so obvious; Newmont is simply more volatile than Barrick On up days, NEM is usually up more than ABX On down days, NEM is usually down more than ABX I looked at the last 300 trading days, calculated the daily changes for each, and ended up with an average ratio of 1.6 If ABX goes up 1%, NEM goes up 1.6% (on average) If ABX goes down 1%, NEM goes down 1.6% (on average) There will be day-to-day fluctuations and exceptions when one goes up and the other down. Today, however, the ratio seems pretty close: quote.yahoo.com^xau+abx+nem&d=t ABX down 1.88%, NEM down 2.57%, ratio= 1.4

To: Enigma who wrote (50417)	3/15/2000 3:23:00 PM
From: Ken Benes	Read Replies (1) \| Respond to of 116815

I am a day trader and why in the world would any day trader invest in a gold equity when its price is determined by the pog. In times past this relationship would have lent itself to successful day trades, however, with the price of gold fixed in a trading range determined by factors outside of market forces, there is little money day trading gold stocks. Technology issues on the other hand are a veritable gold mine for day traders. If you had an interest in the technology sector you would probably be looking for companies that sell forward their production of microprocessors and had an additional interest in leasing inventoried stock for immediately release into the market. Sounds like the makings for a successful short trade.