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


To: long-gone who wrote (64758)2/28/2001 7:11:32 AM
From: Square_Dealings  Read Replies (1) | Respond to of 116861
 
thats just another bs tactic by the shorts. NEM has been downgraded by every major firm. It was downgraded the morning before their earnings by LEH. Of course NEM announced they beat estimates later that afternoon.

When that didnt work Goldman slashed estimates from +36 to -18c for next year. Solomon did the same.

So now they are dragging out Harris as another shot at it. These guys are desperate. Make no mistake about it. Bloomberg is a paid service that the shorts use to put out spam.

The dollar is dropping this morning and any rate cuts will just add to the dollar weakness. Its time to buy gold now and thats why the big short campaign over night.



To: long-gone who wrote (64758)2/28/2001 7:49:23 AM
From: Rarebird  Read Replies (1) | Respond to of 116861
 
<If effective should hit XAU today & might spread.>

That is not the major factor. The key is the revised GDP that comes out this morning. If it is weaker than expected, gold should rebound strongly and the NAZ will sell off. Look at that Price Deflator too.

Most Americans have lost confidence in Greenspan.