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

To: Alan Whirlwind who wrote (66279)	3/20/2001 7:27:12 PM
From: Hawkmoon	Respond to of 116764

No.. but that rate cut was expected, as was the predicted reaction. We'll have to see if the institutions were playing the odds of a sell-off and are covering their puts aftermarket and getting ready to go long by the 24th. (at least this is the scenario a guru I trust is predicting as possible). We may be due for a bounce here in the markets, but with what strength, who can tell. And did we just see a a retest of support and a reversal of the market? Or is it likely we might see more downside? Odds are that we reverse from here, but after the past year, I'm not yet willing to bet on that. Yes.. if the dollar retreats from it's position of recent strength, we might see gold advance. But I think the dollar would have to take a decisive turn for the worse before gold would take off. Regards, Ron