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To: eddie r gammon who wrote (18857)3/20/2000 8:30:00 AM
From: re3  Respond to of 42523
 
abx.to looks to be bid higher right now...hopefully we can grab a good day from the golds.
finance.yahoo.com

interesting notes from gold eagle on the xau components...Currently there are only three out of the ten stocks that are in the XAU Index, that are supporting the index from going lower. In the order of size they are:

1) NEM which is the only stock that is higher now then in September of 1999 prior to the blowoff in gold.

2) AU which is generally unchanged since September 1999.

3) BMG which is just slightly higher then in September of 1999.

All the rest of the XAU gold stocks, which include ASL, ABX, CDE, FCX, HM, PDG, and HL are at or near new multi-year lows. This means one of two things:

Either the XAU stocks are expecting a major sell off in the price of gold.

OR

They have been so heavily discounted that they are great buys right now with the price of gold being higher now then it was in September of 1999! So this market is now at an extreme, where something will have to break shortly, either up or down, time will tell......