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


To: pater tenebrarum who wrote (55381)6/28/2000 2:23:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116763
 
Heinz:

Thje XAU underperformance today undoubtedly reflects concern that gold will be unable to stay over $290 for any length of time. Plus concern about the impact of higher energy prices on miners' costs

I agree that when the REAL gold bull begins the commercials will be massively short all the way up. A real gold bull can only develop from a brand new paradigm of soaring INVESTMENT demand. But the commercials probably will be stuck in the old low investment demand paradigm for a long time to come.