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


To: TATRADER who wrote (52285)5/3/2000 3:39:00 PM
From: Zardoz  Read Replies (2) | Respond to of 116796
 
The mid-day gold stock reversal today is deserving of a drum roll.

Bunk: it's more descriptive of a lack of sentiment on the part of the Gold traders. The fact that it can drop some 4% and rebound is not a bullish sign, well so said many here when the Tech stocks on the NASDAQ did the same. Your descriptive "what if" analysis on Dow 9200 is humorous to say the least. It bothers me not to see the XAU rise, but I bet for every point down you cried? A simple growth analysis of the gold stocks over the last 5 years shows that they are not worthy of investment of more then 5%. And yet the risk is still for more down trend.

quote.yahoo.com^XAU&d=5ys

Hutch



To: TATRADER who wrote (52285)5/3/2000 10:42:00 PM
From: John Paquet  Read Replies (1) | Respond to of 116796
 
Good calls on these gold stocks. And I agree with you that market masses have gradually changed and it becomes more inflationary ever.

I am very bullish on gold from this point on, My immediate target is gold will break that $300, important level in less than 2 weeks.

These two days, ABX and PDG has nice move so is XAU.

My observations are the followings: the worst of deflation era is ended and we are entering INFLATION
THREAT cycle again.

The best scenario of Nasdaq and Dow is over. I shall see that Dow below 9,200 much early than November 1.

JP