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

To: Rarebird who wrote (62452)	1/4/2001 9:36:48 AM
From: Crimson Ghost	Read Replies (4) \| Respond to of 116760

Gold's failure to react to the weak dollar most disappointing. Gold stock investors apparently were expecting bullion to rally; when it failed to do so the gold stocks got trashed. I now am leaning toward the conclusion that GATA is correct in arguing that NOTHING will move POG very much unless the manipulators lose contol. Clearly even the most severe economic and/or financial problems cannot not to so if people believe the powers that be can and will set things right. If the Fed proves unable to do this then gold might soar. But as long as people maintain their faith in Greenie looks like the gold cartel will continue to have things their own way.

To: Rarebird who wrote (62452)	1/4/2001 12:41:04 PM
From: goldsheet	Read Replies (1) \| Respond to of 116760

Sometimes correct, sometimes wrong, too ! In late 1999, I said silver was going under $5 after Y2K hype and may get as low as 4.50 (probably my best prediction) In May, I said gold was going sideways ($275ish) for the rest of the year. It made a little run toward $290, but averaged $279 for the entire year. I did not expect an XAU rally, but expected it to hold better than it did. I missed the October/November opportunity to buy back (XAU@41.61) Newmont was cheaper than ABX (a ratio I use), so I should have known to buy NEM ! goldsheetlinks.com Anyway, you did get in and I give you credit for an excellent correct call. Here's a good chart showing how good the November opportunity was: stockcharts.com (nice double bottom on the daily chart) Despite my incompetence, I still managed to make about 25% in gold stocks in 2000. I wish I had just put all of my money (instead of just some) in 30 year zeros and went on vacation for all of 2000 <g> stockmaster.com