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

To: long-gone who wrote (57407)	8/18/2000 12:38:46 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 116770

re: FCX & The signing of a Memorandum of Understanding (MOU) ...looks like a great sign that the "political" bottom is in for FCX imho. I'm surprised that the stocks hasn't responded positively. Imo; FCX remains one of the great value's here. Perhaps XAU-wise; we may see one final capitulation blow off to XAU 45ish; if the Fed passes next week & remaining economic news remains benign. I hope so - I'm waiting with open arms for XAU 45. No one believes the BSL stats, everyone's looking in the rear view mirror at inflation - not forward & of course $30+ Oil & the coming record heating cost & food don't count... tremendous unfactored labor cost pressure's from union's unfolding as we speak. Great opp coming in the XAU - I don't feel we've really seen that final capitualtion yet - maybe in late Aug - Sept - if the market ramps off of no Fed action & enters another euphoria run thru the elections ? Mid 2001 - the story changes imo - as the New Bush admin will be facing inflationary reality & begins to hike rates again. I think the Gold tide turns by mid 2001. We shall see.