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

To: Rarebird who wrote (59698)	10/12/2000 2:43:22 PM
From: Enigma	Read Replies (1) \| Respond to of 116759

Probable, possible - let's be a little surer? A rise in the XAU and POG is likely?

To: Rarebird who wrote (59698)	10/12/2000 3:26:16 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 116759

re: <What I am saying is that a move below the 99 summer low in the POG is probable in light of the recent lows in the XAU.> ...not given the October "end of fiscal year" tax loss selling for mutual funds... tax loss selling here - with shorts being savy & leaning into the move; is not reflective of an anticipated POG move. NEM with 4 million shares = near 3 x normal volume and is a major technical reversal. Volume preceeds price.... Let Oil hit $40 & the trap door in the overall market falls - we'll get obvious flight to safety, short covering and potentially pressure on the derivative leveraged Gold shorts & they won't be able to put out all the simultaneous market fires & once gold starts moving.... the mother of all short squeezes is ultimately coming to fruition. Let Oil implode the market, slow the economy to where Greenspan gets "trapped" in having to cut rates & collapsing the US dollar - and that adds another positive gold catalyst. OPEC is pressuring to have Oil priced in Euro's; Saddam is flippin all US Dollars for Euro currencies and rumored - Gold purchases. OPEC hoarded gold back in 1977-1980 and they're about to do it again; they have to hedge the ultimate simultaneous correction in both the US dollar in which they are paid for their crude; which will correct after peak winter demand season next year. - they have to go long the Euro & Gold and they will. The Kuwaitti's loaned out their bullion to bail out the Sept 99 gold rally; wonder if they'll want it back shortly ?