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

To: baystock who wrote (67552)	4/12/2001 2:43:59 AM
From: baystock	Read Replies (1) \| Respond to of 116972

Fleckenstein's commentary also mentions declining Comex gold stocks: Yellow Dogfight Away from stocks, as you might imagine, fixed income was under pressure again. The five-year was down about a quarter of a buck. The euro was down almost 2%, under pressure again after the ECB did not cut rates. Maybe people have finally just decided that Mr. Duisenberg and company are even more incompetent than the Fed. The metals had a bid, with gold up $1.40 and silver up $0.04, and in fact something may be developing there. In the past, I've reprised the sound opinions of my good friend and metals trader extraordinaire Evan Meyers. This morning he made note of the fact that COMEX gold is leaving virtually every day and indicating real physical demand. In his 10 years at the COMEX, this has not happened, and Evan does not know when it might have happened in the past. So, for diehard metals bulls awaiting evidence that physical demand may finally achieve the upper hand, the early signs may be in the wind. Stay tuned for updates as I learn them. Maybe the long-awaited turn in the 20-year bear market for gold is primed to make its entrance.