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Strategies & Market Trends : Stocks to Watch -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (140)	3/12/2001 5:24:27 AM
From: Al Collard	Respond to of 592

"Stocks to Watch"...gold company shares. The Bank of England has their final auction of gold bullion for 2001 on Mar.14th when 25 tons will be sold. There seems to be some euphoria of late with "gold" and it just may be the next "hot" sector. Fascinating times!!! A story I found interesting from the PDG forum on SH : THIS IS A CONFLICT OF INTEREST STORY FOLKS and it concerns GOLD! Scotia Capital downgrades pretty much the entire gold sector during a time of very high gold lease rates! Why a conflict of interest? ScotiaMocatta, their brethren is into leasing, selling forward, and other derivatives. They also work closely with central banks! So while Scotia Mocatta is having a hard time with high lease rates, their partners in crime Scotia Capital downgrades a myriad of gold shares (some to the rarely used SELL category)! BTW/ you did notice which stock they downgraded to a SELL? Homestake - HM, HM is the one that lead this charge in November from its bottom of nearly 3 9/16 !! It's the best performer. So they downgrade HM the best performer to a sell and they downgrade Barrick's, one of he world's BIGGEST gold hedgers from a Strong buy to a buy. BTW/ Barricks, ABX was one of the worst performers in the last couple of gold share waves.. Here are the links to the brief snippets of DOWNGRADES that happened yesterday during the POG peak and exactly when the 1 and 2 month lease rates exploded higher during the day!! The one month was cut in half in Friday morning, but by the time the day wore on it exploded. That's when Scotia Capital issued these myriad of GOLD downgrades. thebulliondesk.com\4463568.htm <= PDG BUY -> HOLD thebulliondesk.com\4463544.htm <= NEM STRONG BUY -> BUY thebulliondesk.com\4463445.htm <= GG HOLD -> REDUCE thebulliondesk.com\4463401.htm <= ABX STRONG BUY -> BUY thebulliondesk.com\4463454.htm <= HM HOLD -> SELL (WHY A SELL??) thebulliondesk.com\4463415.htm <= AEM BUY -> REDUCE thebulliondesk.com\4463509.htm <= MDG BUY -> HOLD thebulliondesk.com\4463481.htm <= KGC HOLD -> REDUCE Scotia Capital single handily brought down the gold sector by issuing a massive number of downgrades. LOOK AT THESE STOCKS AND ESPECIALLY THE XAU during the last hour of trading when these DOWNGRADES OCCURRED? Coincidence? I think not! Also, they downgraded AEM to a worse level than MDG. MDG [performance always exceeds or meets AEM performance at the start of a move. AEM will exceed MDG as the move gets going. WHY?== MDG is a relatively big hedger for its size and AEM doesn't hedge. Scotia LIKES HEDGERS. If they don't, they why are they showing a clear pattern of behavior that discriminates against NON hedgers ???] Like I said Scotia is EVIL! Scotia Capital and ScotiaMocatta are in bed with each other LOOK at the first sentence of this page!! scotiacapital.com YES SCOTIA CAPITAL PROVIDES SERVICES TO SCOTIAMOCATTA - THEY DOWNGRADE GOLD SHARES SO PEOPLE WILL BECOME LESS HYPED ABOUT THE GOLD MARKET - which will help to greatly reduced gold leasing rates THAT ARE VERY HIGH by the way and save their BUDDIES ScotiaMocatta millions upon million of dollars!