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To: robnhood who wrote (37435)6/2/2000 2:03:00 PM
From: Sunny Jim  Respond to of 42523
 
What's a total pisser is that the XAU doesn't look like it's following the price of gold but rather the market indices. Compare the COMP and XAU and you can't tell the difference.
The XAU ought to be continuing to ramp up.



To: robnhood who wrote (37435)6/2/2000 2:11:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
<<This is a pretty serious rally in gold>> is it wearing a frown? <g>

unless the stocks move higher into the close, i'd say they confirm my suspicion that there will be one more pullback. but who knows...most certainly no-one but us expected a rally in the PoG. the bullish consensus was at a multi year low recently. it could just keep melting up and force the carry traders into covering. i'm looking forward to that day...


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