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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?

To: Robert J Mullenbach who wrote (1049)	7/27/2000 5:12:00 AM
From: Roebear	Read Replies (1) \| Respond to of 1612

Robert, Perhaps the best news is the way gold reacted to that Uruguay announcement. It didn't. Uruguay??? Shoot, next they'll be calling you and me Robert to see if we have an Eagle or two to lease out, LOL! Heavy volume at end of day for AEM, somebody is finally understanding the big picture here. Bank index looks shortable, most of the other indexes very shaky: securitytrader.com^OEX&ChartID=4485&ChartType=D With all that said, I would have preferred the XAU to continue down to major support at 48. However, since that is what 9 out of the 11 people left in the world who still follow gold expect, maybe that's why it won't? A number of the smaller mining stocks are holding up very well chart wise in face of the recent XAU decline, AEM, KRY, MDG for ex. While I would not be surprised by a bit more decline in the XAU, I am not waiting for the very bottom to take positions, it could also rocket at any time. I am and have been putting on more. Also I will be wary of any decline after a new rally. Expected retrace of rally may be a fake out as everyone expects that now. I am looking for ways to short term hedge that post rally decline to limit the bottom without giving away the top. Any ideas? How about you Yogi? Best of luck, Roebear