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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (69350)	2/16/2001 9:43:47 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99985

Yes, right now, we might indeed have a counter move in XAU when the market in general gets down here, but I doubt this is anything "fundamental", just a "run for safety", but I for one, do not understand what is the safety with the yellow one. There are still 20,000 tonnes waiting to be dumped on the market every time the price of gold approaches $300, I have been bearish on the long term prospects for gold for years, and I still remain bearish. It simply is a commodity of which we have a huge inventory (about ten years of production). Zeev