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

To: Rarebird who wrote (65233)3/9/2001 11:55:42 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 116764
 
My cautious comments only apply to the very short-term. Just as yesterday's strong XAU signalled this morning's jump in POG, today's weak XAU probably means a significant pullback this afternoon or early next week.



To: Rarebird who wrote (65233)3/9/2001 11:59:40 AM
From: long-gone  Read Replies (1) | Respond to of 116764
 
<The XAU is flat this morning despite the jump in bullion prices. Does suggest a short-term top has been seen.>

among those up that XAU isn't catching today are
PAAS
KGC
GG
ECO
CDE



To: Rarebird who wrote (65233)3/9/2001 12:15:00 PM
From: russwinter  Read Replies (1) | Respond to of 116764
 
IMO XAU is the wrong index to follow right now. There are too many "insurance" (i.e. hedgers) in that index. How would they benefit from a spike in gold? The answer is that some may actually be hurt. The real gold index is HUI, and it is nicely in gear with this move.

ca.finance.yahoo.com^HUI&d=t


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