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

To: Zardoz who wrote (60364)	10/30/2000 5:47:35 PM
From: Ken Benes	Respond to of 116764

Do not worry, there are plenty of nickles left from playing the rigged derivative markets in vancouver when all that was needed to be a winner was having a creative writer behind a shell stock and getting in on the first private placement with some warrants. Unfortunately, some cleaver predictions based on technical analysis and pronouncements of lows is not going to push a stock up in price on the big boards. There is still very little interest in gold and consequently new lows are in the future or a return to the lows we saw last week for the producers. Ken

To: Zardoz who wrote (60364)	10/31/2000 7:55:21 AM
From: Rarebird	Read Replies (3) \| Respond to of 116764

The real question here is: When will we know that we have a bottom in the gold market? The bottom will be in when just about everybody thinks there cannot be a bottom. Is the gold market truely sold out? Doesn't just about everybody either hate Gold or think that the POG is going much lower? How many bulls are there in relation to Bears here? I've never seen this thread so bearish. At some point- and I think we are approaching this point in the near future- the puts and shorts will stop working. Even bad news won't push the gold stocks lower. Actually, bad news will produce a rally. I'm going to take a good look at HM this week before I reestablish long positions in ABX and PDG. HM is reporting earnings this week and I expect the results to be darn right ugly, to say the least. Now even though a lot of bad news is already priced in the stock, I want to see how the market responds. It could give us a clue as to whether this Gold market is truely sold out and ready to rally. Stay tuned....