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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (79676)	4/16/2000 9:15:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 132070

X, yes, there is always the possibility, right now, even a good like;lihood that gold and gold stock will bounce sharply for emotional and technical reasons, first, gold has held above $250 or so, its low, for quite a time and the XAU looks pretty good. The only two problem, IMHO, that I believe prevents a long term bull (taking 330 out with a vengeance, and I should say, a move to $330 is certainly one worth playing), is that there was no "wash out" in the players, thus many marginal producers are left out there who can make a little money at the $280 to $300, and to survive these could throw gold on the market at these prices, and of course, the overhead supply from the friendly CB's. Of course, I won't even bring into play the conspiracy theory which, if correct, will be the root cause putting a cap on gold if it dares getting much above $300. Zeev