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To: Arik T.G. who wrote (659)	2/17/2001 1:50:20 AM
From: John Dally	Read Replies (1) \| Respond to of 686

Hi Arik, I also like the XAU. My scenario has been Nasdaq down, dollar down, and then confusion as people try to figure out where to preserve wealth / make money. If only a tiny fraction of investors choose gold (the entire gold mining industry has a valuation roughly on the order of Yahoo alone . . .) things could get interesting . . . Also, (since you're a technical type) if you draw a line across the XAU Sep & Dec peaks and a parallel line across the Aug & Feb troughs, you get a downward sloping H&S pattern. You can do the same with the Euro, using the Jun & Jan peaks and the May trough. (According to this scenario, the Euro may fall to the .87 area before it rebounds.) What's curious, is that both charts crossed the neckline at the same time, going up at the end of November. BR John.