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

To: goldsnow who wrote (59528)	10/8/2000 9:40:03 AM
From: Rarebird	Read Replies (1) \| Respond to of 116927

<I believe it will once Naz will go under $3000 and Oil over $40> We are entering a seasonally bearish time period for Oil Futures. Higher Oil means Higher Dollar means lower Gold short term. Intermediate to longer term, the effects of higher oil (if it brings about a hard landing) is good for Gold. As for the NAZ going under 3000, that may do it; but I think you'll need under 2500 for a sustainable rally and not just a bear spike that eventually comes back down to hit new lows. One thing is for sure: new lows for the XAU does not bode well for the POG down the road.