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

To: Crimson Ghost who wrote (65397)	3/11/2001 5:48:27 PM
From: Rarebird	Read Replies (2) \| Respond to of 116815

<The kind of action we saw Friday almost always signals a forthcoming drop in both POG and gold stocks.> I agree with you completely. There will be some further short term heartache in the gold market. The question for me is how bad will it get? XAU 51? 48? 45? 42? The coming decline should be bought. With the next BOE auction coming this week, along with a potential very strong Bear Market Rally in the Nasdaq starting sometime midweek, I just wonder how bad the decline will get in the gold stocks. Thoughts? Do you think many will be stupid enough to sell their gold stocks to buy tech in the upcoming bear rally?

To: Crimson Ghost who wrote (65397)	3/11/2001 7:45:50 PM
From: Square_Dealings	Respond to of 116815

"But lets not kid ourselves -- the move is over near-term. " George, How can you be so sure. I see the XAU held the break at 55 very nicely. The last half hour on Friday was BS. All technical targets/indicators point to XAU 64-66 on this wave. As of friday close most of the gold stocks I owned have pulled back within fractions of a 62% fib retrace from the bottom of the solid week and a half base and Fridays peak. So we have only a small pull back here, maybe 2-5% and then its up. Hope you didnt bail so soon. M.