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

To: Jaakko who wrote (56084)	7/12/2000 7:35:35 AM
From: Robert J Mullenbach	Respond to of 116798

<could gold take a dive today???> We are going to find out.! goldminingoutlook.com SUMMARY: My current outlook has been raised to STRONGLY BULLISH for gold, gold coins, and gold collectibles, and to VERY STRONGLY BULLISH for gold mining shares. The past four trading days has seen the XAU steadily and progressively outperforming the spot price of gold, while holding just above its annual low, which is the kind of behavior that often precedes a major rally. In the July 17, 2000 issue of "New Yorker" magazine is an article about how gold mining has been a terrible investment; usually when a non-financial publication has a financial article, it marks an imminent reversal in a major trend. In addition, those gold shares which generally serve most reliably as a leading indicator have been outperforming those which more closely track the gold price itself. There is still the danger of a final liquidation of stale speculative longs, but even if this were to occur, the XAU would probably only retest its recent base rather than break down to new lows. The fundamentals for gold are improving markedly as the U.S. economy gradually slows and inflation edges higher. With the huge U.S. trade deficit, over $25 billion per month