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

To: dblclk who wrote (60245)	10/28/2000 12:27:17 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 116895

dblclk - notice NEM today, of late ? OBV/Money flows lookin' good.... Once again; the XAU decline walked headlong into tax loss selling season - people are underestimating what a factor that is here on this final collapse sub XAU 50. The XAU had bounced nicley & showed good support at XAU 50; up untill tax loss selling season. While the end of tax selling will perhaps give us a nice DCB here; the reversal of the US dollar/Euro and the repatriation of Petro-Dollars along with the eventual "mother of all short squeezes" - the ultimate collapse of the Gold Carry Trades Derivative's; will be the real reward for being here... Admittedly the POG isn't giving any positive read; but Gold's been trading along with the Euro & the ESF has had "all hands on deck" - keeping King Dollar propped up by hammering the Euro and stabilizing the inflationary pressures of Oil -by shooting down Gold since last September; so as to be able to stare $30+ Oil in the face and then be able to stare "us" in the face - with a straight face & point to the POG and say - "see, $30 Oil is not inflationary, not in this new paradigm/high productivey environment; look at Gold, it's not reflecting any inflationary pressures - so inflation MUST be non-existant"... That ESF "stabilization" of Gold - to create the spin-doctors "inflation does not exist" whipping boy is just making it a coiled spring... OPEC and the soon to exit Petro-dollars are the key here. Saddam is no buffoon... the spinmeisters are painting Saddam's threat to cut off his Oil shipments (and Iraq is NOW the real swing producer) unless the UN swaps his $11 Billion over to Euro's from US Dollars and pays him going forward only in Euro's; as political grandstanding...wrong; he's crazy like a fox. OPEC in their last summit spoke about pricing Crude in Euro's vs. US dollars.... Saddam is merely out front of OPEC here. OPEC is ultimately going to face what they have in every prior Oil Shock - an ultimate simultaneous fall of the price of Crude & the US Dollar that they get paid for their oil with... they not only will hedge the inevitable simultaneous correction in crude prices & the US Dollar they are paid in; they will also do what they allways have done in all prior Oil shocks - run to gold (+ the Euro this time) & withdraw their Petro-Dollars from US equities, bonds & dollars. dblclk; I bought some more So African's - GOLD, HGMCY & DROOY along with KGC the last two days - allready have my NEM ($16-$13). ...XAU 43-52 looks like a nice DCB coming imo; but I'd just as soon have a XAU 35 buying opp to add more... as it's just a matter of "when & not if" here. ..patience & confidence are all that's needed here. Just slowly & steadily accumulating all the way down... I'm buying here at historic low valuation multiples - I'm literally STEALING here ! - ie: I'm buying DROOY's reserves here for $2 per oz; GOLD Fields for $9 per oz, HGMCY's for $26... hell; I'm buying DROOY's production for $105 oz here and GOLD Fields for $249 oz ~ ... all the way to the bank. OPEC shortly will turn to Gold & the Euro & exit the dollar & US debt & equitites.... think the Arab Prince wants to buy any more Priceline.com with "his" Petro-dollars - ROFLMAO ~ OPEC's allways went to Gold on all prior Oil Shocks and they'll be going there again; shortly... Saddam's allreay heading there... they have to go there (& to the Euro) to hedge the simultaneous correction in crude prices & the fall of the US Dollar that they're paid in... Beat the crowd to the party; but never be the last to leave...