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To: Rarebird who wrote (53822)	6/6/2000 12:15:00 PM
From: long-gone	Respond to of 116815

<<The fact is that the XAU has not confirmed the rally in the POG over the last few trading sessions. A Pull back is in order....>> Perhaps it is because so many have been burned by prior rallys? If the rally in POG continues - strongly - without CB manipulation - then we shall see. What I really expect is we will won't see the "major move" in the XAU until AFTER POG breaks $330!

To: Rarebird who wrote (53822)	6/6/2000 12:30:00 PM
From: William Harvey	Respond to of 116815

POG $269 to a high of 291 (~8% gain) and XAU from 56.2 to a high of 63 (~12%) today: This looks like a miners' rally. Did you notice that the XAU dropped back to fill this morning's gap by $.01? (Knock on wood)

To: Rarebird who wrote (53822)	6/6/2000 12:38:00 PM
From: long-gone	Respond to of 116815

Hmmm?? siliconinvestor.com

To: Rarebird who wrote (53822)	6/6/2000 1:40:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116815

> The fact is that the XAU has not confirmed the rally in the POG over the last few trading sessions. A Pull back is in order.... Agreed, XAU looks relatively weak. When gold hit $281.20 on May 4th, the XAU was 62.17 (ABX=18.50, NEM=27.75, AU=20.3125, PDG=9.1875, HM=7.1875) With gold at $289, the XAU is at 61.71 (ABX=19.375, NEM=25.25, AU=21.25, PDG=9.1875, HM=7.3125) I know I'm going to get into trouble, but ABX looks like the best performing XAU stock.

To: Rarebird who wrote (53822)	6/7/2000 4:14:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116815

<<The fact is that the XAU has not confirmed the rally in the POG over the last few trading sessions. A Pull back is in order....>> OK, I'm not saying you are wrong, just that there is a factor you may not have not taken into account in your analysis! Consider the impact of Index funds in this market place. With the broad ownership of S&P 500 funds, SPY's, MDY's & the like, and the number of XAU members represented in above, beating all the downward selling from above products may take a day or two.