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

To: Crimson Ghost who wrote (59386)	10/5/2000 10:39:58 AM
From: Rarebird	Read Replies (2) \| Respond to of 116762

Yes, more downside. The Bear continues. But the major issue moving forward for Gold is the status of "King Dollar" and when the King will be dethroned. I don't see a Recession unless Greenspan raises some more.

To: Crimson Ghost who wrote (59386)	10/5/2000 11:18:40 AM
From: PAUL ROBERTSON	Respond to of 116762

the hourly and daily gold index charts look quite miserable. Low 40's maybe? Physical gold and silver markets are going to have to prove their metal now. Those already short are unlikely to want to sell much more. The forward hedging, leasing and derivative buildups seem to be out of hand as it is. With pent up demand building due to the high greenback during this high demand period, there might be hope yet. Recent lows have to hold, otherwise maybe a washout. However, i kind of get the feeling that this market is about as washed out as a market can get. Outside of bugs, one can cut the pessimism and indifference with a knife. Even a lot of bugs are throwing in the towel. My moving cycles call for a bottom off of this weekend. i was hoping that we would hold the lows and close up today which would indicate strength. But right now, this does not seem to be the case. Perhaps a strong afternoon.... Paul