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

To: Crimson Ghost who wrote (64871)	3/1/2001 8:02:30 PM
From: Square_Dealings	Read Replies (2) \| Respond to of 116759

George, I dont know how to tell if its heavy pressure or not because one thing I hate on this stuff is you cant see the volume. It may be that theres not much activity so the bids are dropped to scare people into selling. Someone on the silver board today said that when the spread on silver is more than 3c then there isnt any legitimate trading going on. I notice that gold is showing down $2.80 right now but theres a $2.00 spread. The bid is off 2.80 but not the ask. The fact that the gold stocks acted well today and even the silver mining stocks (silver had an ugly day, I think it was an outside day) in the face of lower metal prices tells me someone believes that this wont last too long. It could also be that someone is letting the shorts set their own noose and short at these lower prices if they want. Hard to believe that with the XAU acting so well and in a classic breakout set up, that POG would tank. Every economic situation is present which should drive the prices higher. M.

To: Crimson Ghost who wrote (64871)	3/2/2001 7:31:14 AM
From: long-gone	Respond to of 116759

Is gold "savings"? money in the stock market? Can prices of gold be pushed higher with out money in "savings"? U.S. CONSUMER SPENDING rose faster than incomes in January, bringing the personal-savings rate to its lowest level on record, the government said Thursday. Jobless claims, meanwhile, climbed a sharp 39,000 in the week of Feb. 24 and manufacturing activity contracted for the seventh-straight month. Spending rose 0.7% to $6.96 trillion following a 0.4% gain in December. Incomes increased 0.6% to $8.5 trillion in January after posting a 0.4% increase in the previous month, the Commerce Department said. (cont) smartmoney.com