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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: rails99 who wrote (88511)3/11/2001 5:07:17 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Will defer to Slider or Roebear,

on those kinds of questions.

They've done a lot more research and study in the gold are than I have.

My only focus is to determine if a trend change is occurring in a sector. Am convinced that is the case with gold. So I'm long.

Cheers

Isopatch



To: rails99 who wrote (88511)3/12/2001 1:18:58 AM
From: Roebear  Respond to of 95453
 
rails99,
Define "How can one track world gold investment activity?" Do you mean gold stocks, physical gold or exploration by producers? Without knowing the answer to these questions, I can still venture some guesses.

Investment in gold stocks is best tracked by noting the HUI index in US and the Toronto and Austrailian mining indexes. If you want to break it down further add the OBV and Money Flow to the components.

Physical gold investment can be tracked by noting price in local currency. The Privateer is one source for that info.

Gold exploration is in about the same boat NG was a couple of years back. While you don't have John Q Public burning gold in his furnace to heat their home, you might have some shorts burning up some supply "shortly".
I don't really follow figures given on international activity as I consider them suspect. Over on the Gold Monitor thread there are a number of posters trying to figure the amount of gold available to mine in the next 5 to 15 years.
Some of their figures are very interesting but unconfirmable. Perhaps better than what some organizations might try to pass off though.

Bottom line is price = investment activity, and if 272 holds and 275 is busted through, you will see a lot more "world gold investment activity". And it doesn't take a lot of activity in this sector to amount to a big move in price.

Best Regards,

Roebear



To: rails99 who wrote (88511)3/12/2001 6:26:33 AM
From: Roebear  Read Replies (1) | Respond to of 95453
 
rails99,
Several attempts tonight to drop the gold price, so far unsuccessful but a strong attempt currently being battled. I consider this fight a good sign, it is expected. This time I think the shorts are the ones hunkered down along with General Custer and their ammo is getting low. Nothing is for sure in this market especially when signs of desperation begin to show.

Here is a good link for POG in various currencies and a lot of gold info:

kitco.com

Here is a fairly bullish article from FT:

ftmarketwatch.com{F770AF84-FD56-4B52-9DAF-B7E45D74814B}

Best Regards,

Roebear