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To: parcival who wrote (81157)	3/15/2001 8:03:09 PM
From: sandeep	Respond to of 436258

Gold has been in a bear market forever, it seems. It no longer serves as a hedge. BoA auction went terribly. That drove lease prices down and gold with it. Having said that, gold still is a buy at this level according to my indicators.

To: parcival who wrote (81157)	3/15/2001 8:31:44 PM
From: smallcapmaven	Respond to of 436258

parcival...The gold will rebound when the dollar drops...It will be the classic indication to get heavy into gold...There is no momentum...yet, but I suspect that any rate cut that we get now is too late...I stand by my dow 6500 prediction and can only urge you to short the banks and buy gold into dips...Since so much of the global economy is tied to the dollar once it plunges what will be the flight to quality??? EURO??? YEN??? POUND??? Nope that is when you want to be very long gold!!!! I stand by my feeling that AG should not have raised rates since April...Tuesday was my deadline, now this is a done deal...JMHO!!!

To: parcival who wrote (81157)	3/15/2001 8:47:16 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

no. at that price, so much of the world's production would be shut down, that severe supply/liquidity problems would beset the market. so IF it were to happen, the price would out of necessity quickly rise again. besides, i regard this as a normal correction...the gold stock indices are not confirming the downturn in the PoG. recall also that e.g. another resource index, the OSX had an initial rally in late '98/early '99 that was given back in its entirety, shaking everybody out one last time - then lift-off. you're overdramatizing the pullback in NEM...it only went back to where it was exactly 6 trading days ago.