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To: goldsheet who wrote (51106)4/4/2000 1:34:00 PM
From: long-gone  Read Replies (1) | Respond to of 116759
 
But when trying to determine what "should" be happening on the XAU on a given day, one must also consider the possible impact of those many who are getting margins calls & having their positions in SPY's liquidated



To: goldsheet who wrote (51106)4/4/2000 8:09:00 PM
From: Rarebird  Read Replies (3) | Respond to of 116759
 
I agree with you: The XAU looked awful today as Gold rallied over $6? What else is new? Hardly anyone is convinced that the Party is over. Hope springs eternal.

If and when the Bear arrives ( still waiting for that close below 3700 on the NDX and below 9700 on the DOW) and all these markets start going down in sync ( we got a preview today), they will make a deal with their devil: Gold.