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

To: russwinter who wrote (65386)	3/11/2001 1:49:06 PM
From: Square_Dealings	Respond to of 116815

The more of the BS downgrades that come out the better. It's a loud and clear signal that someone is worried about rising gold prices. My favorite downgrades were Lehman's downgrade of NEM on the day of the recent earnings. They downgraded first thing in the morning, and then NEM announced they beat expectations that afternoon. When that didn't work, Solomon and Goldman Sachs each came out the following day and cut estimates. A few more analysts came out and downgraded every gold stock to AVOID. Its nice to know that these guys are looking out for our well being. Maybe we should listen to Abby Cohen and load up on tech stocks here -g- M.

To: russwinter who wrote (65386)	3/11/2001 5:28:17 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116815

Russ: I have seen lots of rationaizations on this and other gold sites downplaying the importance of Friday's poor gold stock action. I view this as wishful thinking. The XAU performed poorly all day; the last hour drop just intensified the trend. The kind of action we saw Friday almost always signals a forthcoming drop in both POG and gold stocks. That said, I remain very bullish on the gold sector for the balance of 2001. But lets not kid ourselves -- the move is over near-term.