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

To: Crimson Ghost who wrote (61288)	11/25/2000 5:41:02 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 116758

<Goldman Sachs today said that people use the recent rally to sell their gold shares. > George; Goldman is full of $h!^ Check the positive OBV/Money flows into the major XAU components. We had huge tax loss selling here and we should expect some shares to be bought back. There have been 5-6 XAU rallies to near XAU 150 in the last 15 years - that's 3/4 bagger territory from here folks. As I said before; this is not the first time that last rites for the XAU stocks was premature, not will it be the last... but ! - given the election debacle potential catalyst to foreign repatriation, given the loft status of KING Dollar - especicially given it's unsustainability in relationship to our account deficit and throw in whatever degree of Short/Derivative position that has resulted via the PPT/ESF "stabilization,intervention,manipulation" that exists ... and this is one of the great buying opps in XAU history. Certainly; based on Price per ounce of production/reserves it is... Given the still lofty overall market valuations, the still present market unrest, the slowing economy, $35+ oil, The King Dollar-Deficit irrationality and the Valuations in XAU/Golds here; for Gold - the question is - if not here & now; when ? When have we paid less per ounce of production & ounce of reserves ? When have we paid less for the index itself and the individual stocks ? When has there been a greater short position ? When has there been a greater unsustainability between a lofty US Dollar & our Account Deficit ? When has there been more market turmoil at still irrational historic market multiples ? When has a Wild Card like the US Predential Election getting dragged through our legal system presented itself into a menu of the likes of the above as well ? When has their been a greater need for a rational, historically supported flight to safety "currency" ? When was the last time that the OPEC Cartel-Petro Dollars were not hedged via Gold Purchases at this level of Oil Prices & has not the XAU virtually allways rallied hard at the tail end of all recent major Oil spikes ? Once again; for Gold - if not now; when ?