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

To: John Paquet who wrote (59453)	10/5/2000 7:46:35 PM
From: John Paquet	Respond to of 116762

XAU is so bearish these few days. It makes me think that not only XAU is influnced soly by POG but also influenced by the bearish sentiment of DOW and Nasdaq, so equity market. Until we see there is divergence between Dow and XAU, we shall see XAU reach that 45 soon. Also, XAU indicates that gold will trade below that very important support level of $270. Or that $252. Dow and Nasdaq are heading that Black October scenario Dow targeting 9750, Nasdaq below 3,000. This is very confused state of the market. Also, it is divergent between CRB, one of inflation indicator, and gold. CRB has moved from 175 to 230, yet gold did nothing, and xau even performed much worse, hit new low and new low every day for few days now. Xau breakout 50, 49, 48 on the down side and at 47 level. Hmmmmmmmmmmm! What the hell going on here????? John Paquet

To: John Paquet who wrote (59453)	10/5/2000 8:04:20 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 116762

Hi John No question there... (slippage/commissions whatever) brokers make it both ways .... As I said, I find it very difficult to make money daytrading. Having said that, I only dedicate a portion of my portfolio to it. ( A portion that I could afford to lose, IF I didn't practice good Risk Management techniques). For me, I try to approach daytrading (and to a lesser extent, position or swing trading) in a dispassionate sense (emotionless), not for the thrill of losing it all, but to pit my skill & lack of resources, against the brokers & others who have a contrary opinion. After all for every buyer there is a seller (except in panics when no buyers can be found). Anyway this is a Gold thread, and all future comments to daytrading may be found on the appropriate threads. P.S. You will note, of course, if you checked my profile, that I purchased ABX earlier today. So far I am sitting at a loss, who knows what it will do tomorrow or the next day... BTW, I am still in PDG & salivating at FN.to Regards,Peter