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


To: John Paquet who wrote (58558)9/21/2000 11:08:06 AM
From: John Paquet  Read Replies (2) | Respond to of 116762
 
OIl got whacked do did US dollar, gold up and up so does XAU.

What a day for a change in the market sentiment. VERY soon DEC 300 gold call will be in the money, too.

John Paquet



To: John Paquet who wrote (58558)9/21/2000 3:15:15 PM
From: Ken Benes  Read Replies (2) | Respond to of 116762
 
XAU: 48.97. Will not make 50 today. I believe little has changed in the gold market, bankers still have enormous amount of ammunition to fire at a rally. Less than 25% chance gold will rally above 280 for the remainder of the year with a smaller percentage gain for the discredited XAU.
World governments are now taking aim at oil, may result in a price around 30, which will deflate inflationary expectations a bit. Markets can live with 30 dollar oil, 35+ oil may destabilize global economy.
Just my opinion.

Ken