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

To: Square_Dealings who wrote (59138)	9/30/2000 11:17:20 AM
From: John Paquet	Read Replies (1) \| Respond to of 117056

Hey! Michael; Indeed, XAU is very bullish, despite the fact gold down -$2.00 XAU maintained to go up, +.25 closed at 49.92. XAU open big gap down and that gap got closed within an hour or two and then XAU shooted up serveral new runs of new day hi. XAU hit 50.26 and profit takers [mostly day traders drove XAU down to 49.92 in the last ten minutes. You are absoultrly right, US dollar is getting crushed and will come down lot more at least test that 100-105 area, Euro dollar gained strong support despite that Danes' "NO" votes. Oil price is tumbling down as Saudi will pupp up more large more production ; oil is getting down to that $22 areas. As oil price goes down Euro dollar gained support, US dollar getting tumbling, the only way for gold prices to go is "UP" and up and up, plus Dow and Nasdaq will get big tumbleexplained next. Gold spot gain support right at $274, December gained support @$278, next WEEK spot gold will breakout that $280 heading $300 and much more. XAU is breaking out that 50 on Monday, and breakout that 55 by wednesday, and FRiday 60. IMHO. BOTH DOW AND NASDAQ WILL GET BIG TUMBLED FROM HERE!!! Dow and NASDAQ could tumble more as DELL, INTEL, KoDARK, Apple repeatedly announced poor earning warnings, next Alcan ,next...... lots more to come. I expect Dow will re-test that 9750, nesdaq re-test that 3000 and both will go below, the super BULL of the equity of this centry is all over, we are indeed in a bear market for this DOW and NASDAQ. DOW and Nasdaq are still over valued in a good sense, Both gold and XAU are very under-valued in a common sense. Therefore, gold and XAU only have to go up, nothing else. Last week gold and xau started noticeably and significantly on their bull trend and will move upward and forward from here. And I am not kidding at all. Good luck to all, God bless all especially our Rarebird. John Paquet