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

To: Crimson Ghost who wrote (67990)	4/20/2001 3:00:45 PM
From: Square_Dealings	Read Replies (2) \| Respond to of 116764

George, Of course the brokers downgrade because they are short the stocks. There is absolutely no better time in the past 2 years to be positioned in gold stocks for many reasons. I take the downgrades as a loud and clear buy signal. My guess is COT will show substantial increase in commercial longs. There is no way the POG could have held up like it has without that being the case. M.

To: Crimson Ghost who wrote (67990)	4/20/2001 3:07:43 PM
From: Daveyk	Respond to of 116764

That would make sense as my buy signals have weakened.Longer term we are actually oversold still.Almost down to 30% level using Dorsey's indicators whereupon a reversal up would be bullish.Funny how this time it's showing strenghth pricewise even as these levels have declined.It's in bull correction at 34% level currently.Dorsey advocates buying sectors whose bullish percent chart has dropped below 30% and reversed up for the larger moves.