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To: Rarebird who wrote (50889)3/29/2000 9:35:00 PM
From: long-gone  Respond to of 116762
 
DIG IT?
kitco.com



To: Rarebird who wrote (50889)3/30/2000 12:10:00 AM
From: baystock  Respond to of 116762
 
I think that article I posted was a day old before todays new 52 week low...but the points you make are still quite valid.



To: Rarebird who wrote (50889)3/30/2000 12:52:00 AM
From: Alex  Read Replies (1) | Respond to of 116762
 
Interesting post Rarebird. A few questions, then some comments.

1. I assume you're talking U.S. $'s here?

2. Do you follow Fn? Any target?

What do you see as the cause of the latest selloff? Is it mostly technical, started by the planted France gold sale story? Is it the possible upcoming Swiss sales? The British sales? Dutch? It is odd how such fundamentals can be applied to gold when so much excess can be dismissed everywhere else with the wave of a hand. Momentum investing spurred on by excess credit. It is even odder when you consider that all of these very sales were part of the Washington Agreement which caused the large gold rally last fall. Now they're seen as bearish.

Only in the gold markets :-)

PS- thanks for any response to my questions.



To: Rarebird who wrote (50889)3/30/2000 1:34:00 AM
From: Enigma  Read Replies (1) | Respond to of 116762
 
"The XAU closed today below its low for all of 1999. That is very bearish and signals that a retest of the August 98 lows are coming"

Why do you say that? What is the significance of a close below the 1999 lows - in other words why does a calendar year have importance - rather than a support level on a chart - where ever it is found?