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

To: long-gone who wrote (54461)	6/16/2000 7:22:00 AM
From: d:oug	Respond to of 116830

Richard, On thursdays NIGHTLY BUSINESS REPORT was the following, and Investment firm ISI Group was mentioned and I could not locate their web site. If anyone could then it might give us a report on the un-progress of the dot coms. <<ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Companies that depend on clicking have been taking a licking. Investment firm ISI Group has produced what may be the first comprehensive list of Internet companies that have run into financial trouble. It reports 57 problem dot-com announcements in just the past month. Among those announcing layoffs were online magazine Salon.com (SALN), furniture site Living.com , and CBS Internet Group. Others, including search engine AltaVista , and buying service Deja.com, postponed their IPOs. And some like eMed Technologies and College Club canceled their plans to go public altogether. Upscale fashion site Boo.com went belly up, and so did movie vendor Reel.com. Even Internet giant CMGI (CMGI) recently announced an office space freeze. Most of the companies on the list are small, relatively obscure firms. But economists say their troubles may hint at a broad-based slowdown in tech activity....>>

To: long-gone who wrote (54461)	6/16/2000 8:23:00 AM
From: Rarebird	Read Replies (4) \| Respond to of 116830

Richard, the best short term indicator I know for Gold at the moment lies in the recent strength of the Australian Currency and Euro, along with the weakness in the dollar. A break below 105 on the dollar index will most likely lead to a quick fall to the 102-103 level. A fall below the 100 level will cause some concern and be good for Gold. One has to wonder if the Euro is in a Bear Market Rally here. The 1.09-1.10 level is key if the Euro ever gets there. The same question can be raised for Gold. I'm not sure why some people are so obsessed with ABX, unless they are using ABX as a scapegoat for their losses. As a currency, the fate of Gold is intricately wrapped up in the movement of all these currencies and interest rates. I'd love to see a well reasoned argument against ABX rising nicely if Gold ever went into a true bull market. I don't think ABX is in bed with the CB's. ABX just had the rare distinction of being right in Gold land. PS Fundamentals primarily determine the POG.

To: long-gone who wrote (54461)	6/16/2000 11:00:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116830

RON WAS WRONG! Anyone who listened to him & invested in the broad DIJA or the NASDAQ on January 1 & did not invest in gold - GOT SCREWED! Hmm... I don't recall giving out any advice about whether to remain in the market or not in January. And my wife would certainly disagree with you since I have been doing nothing but howling at her to establish puts and covered calls to hedge her positions since the beginning of the year (to no avail, I might add... <sigh>) But we're not heading for a market collapse either, IMO. We're in for some long-term consolidation, with notable spikes up and down from time to time over the next 1/2 year to 12 months. Some stocks will explode to the upside, and some will just plain explode. All I have stated is that the the fears you all seem to be counting on to rally gold through the roof. The one thing that I did state was that gold would continue to decline after Y2K from I viewed as the dumping of gold back into the market after the fears of an economic collapse proved unfounded. I was wrong, but then again, so were all of the fearmongering goldbugs. futures.tradingcharts.com Instead it plummeted in the summer of 1999, spiked up in October, retraced, spiked up to a lower price, retraced, and looks to be ready to spike up to test $300/ounce resistance sometime soon. But after that, the probability is that it will retrace again. As for Rarebird, I guess he can't stand the heat of debate. IMO, no idea is worth hearing if it proponent is unwilling to defend it. I've certainly taken far more crap from all of you, including Rarebird, than anything I have subjected him to personally. Hell, Richard.. you still have never apologized for calling me a paid shill of the anti-gold conspiracy. I guess I should be "kopping a Rarebird attitude" and demanding that you "never post to me again". Either I'm more tolerant, or maybe I just have more confidence in my logic than Rarebird does in his.