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

To: Square_Dealings who wrote (64872)	3/1/2001 9:28:54 PM
From: Crimson Ghost	Respond to of 116756

Mike: The big problem with gold and gold stocks (a problem that hopefully will not last much longer) is that all bullish technical patterns quickly fail. I agree that the technicals were looking good, but this is gold and has yet to shake off the yellow curse. Unfortunately the CBs still control the market 100%. Gold can only rally significantly when the CBs reduce the supply of cheap leased gold as we have just seen. But as soon as they hike that supply the price tumbles as we are seeing now.

To: Square_Dealings who wrote (64872)	3/1/2001 10:33:40 PM
From: TATRADER	Read Replies (2) \| Respond to of 116756

again let's not throw in the towel..so far this is a classic technical pullback, if that can ever truly be said of gold...The pullback should be to the 50.50 area on the XAU...I have secondary support at 48.75 XAU...... here are some projected rebuy areas if this is just a pullback...I bought GLG yesterday and today at average cost of 1.56, and plan to rebuy other gold stocks should my targets be hit... 1.NEM at 15.50 2.PDG in the 8.62-8.81 area 3.MDG in the 6 3/8 area 4.AEM in the 6.25 area 5.DROOY in 87 cent area 6.HM in 5.00 area 7.HGMCY in the 4 1/2 area What I am hoping for is an early sell-off tomorrow, and then a strong close into the weekend..This would set up some real upside potential early next week....