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

To: Ken Benes who wrote (60164)	10/25/2000 2:04:46 PM
From: Zardoz	Read Replies (1) \| Respond to of 116795

Gold is recovering a little bit, however, the xau has reversed and is headed lower as expected. What are you looking at? Gold was -$4.00 near the start of the day, and it still aint far from that. Why should people buy gold when the US Dollar index is still making new highs. Get your head out of the toilet and starts thinking. You don't expect anything and are afraid to admitt the truth {Darleen I had to slip that in}. Ken, you know very little compared to many on this thread. I believe you only took the negative view on Gold and XAU because you think it's easier to spread doom thoughts around. You've never gave any insight into this position you state. quotewatch.com XAU is going down because of energy cost. Margins are going to be hurt going forward. That's clear! Gold is going down due to increased production. That's clear! All that are saving most producers are their hedge book. That's most clearly obvious. Hutch PS: I think someone here speculated that NEM may be planning on purchasing other gold stocks. Well if that should happen soon, watch the XAU make a huge drop as NEM will as well.