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

To: Crimson Ghost who wrote (55516)	6/29/2000 4:43:00 PM
From: Rarebird	Read Replies (3) \| Respond to of 116927

<Well looks like QQQ cannot cut it today.> It outperformed the XAU by a nice margin. Doesn't BEARX own a nice position in Gold Stocks? Why wouldn't you use Profunds ultra leveraged short fund on the NDX to get twice the leverage? You want to gloat, brag and boast, after 1 day, go right ahead. Just keep in mind that I'm not your bimbo friend, Bobby Beara, who talks from both sides of his mouth and changes his mind a few times a day. <G> My FFIV was up over 6%. Gold Stocks are very cheap relative to the POG. But why are they so cheap? No one really knows the answer to that question. But the fact is that it sure doesn't bode well for the POG or XAU. The XAU can't sustain any move to the upside in spite of fundamentals that are improving in its favor. Honestly, I'm quite bewildered in a way. In another way, I'm not: It is just the Bear at work. It's my problem that I look for reasons. The NDX has a very good chance of resolving its most recent choppiness to the upside. The XAU is a big ?. I'm holding my 3 gold stocks because I still see a bright future for them someday. Fundamentals always win out in the end.