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


To: Rarebird who wrote (59968)10/19/2000 4:45:17 PM
From: goldsnow  Read Replies (1) | Respond to of 116762
 
I think your proving yourself as a real good contrarian indicator, Goldsnow>>> You mean Eric Ross? I will stick with energy...150% so far....The nly prediction (publicly) on Gold was $325 6 months (That is April, 2001)

Rare, thing (market conditions) are really bad, I do not like making predictions unless prompted by you..<gg> and oil/gas excluding..<gg> but...
``People have stopped looking for the bottom and are looking for an exit,'' said Eric Ross, an analyst at Thomas Weisel Partners. ``The sentiment on the street is really bad.''

quote.bloomberg.com.



To: Rarebird who wrote (59968)10/19/2000 11:05:12 PM
From: marek_wojna  Respond to of 116762
 
<my long position on the QQQ took place at NDX 3700>

I'm neither pro Gore or Bush, but even teenagers are saying the market have to show some rally to help Gore.
If they will realize that Bush is clear winner techs and not only will take a steep dive. As the last resort
to help Gore the oil will go down to mid twenties but for this we have to see polls at the very beginning of Nov.
I HATE planned markets. COMMUNIST seed is being implanted
in the heart of capitalism.



To: Rarebird who wrote (59968)10/19/2000 11:45:35 PM
From: Rarebird  Read Replies (3) | Respond to of 116762
 
If you assume that Gold is not dead as an investment, I think there are some compelling values amongst the gold stocks here at these levels. I'd feel much better, of course, if the POG dropped $25 tomorrow while the XAU was flat; but low 40's on the XAU looks like an attractive area to scale into a few of these stocks.

It's been a while since I even started thinking about buying another gold stock. I must be nuts.

XAU in the upper 30's is possible but I don't think it would stay there very long. BWDIK.