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

To: long-gone who wrote (68886)	5/9/2001 1:28:02 AM
From: marek_wojna	Read Replies (1) \| Respond to of 116759

<<How can you you state with such absolute certainty the spikes in lease rates & (now)40 week + move in XAU & HUI are saying nothing?>> Richard, I remember couple months ago your campaign of sending e-mails to the hedgers. I'm positive that without Barrick, Anglo, Normandy, Goldcorp, and others closing the books, POG without major currency disaster worldwide (not only US$) is going nowhere. Few more weeks of POG in the range $ 255 -268 and the XAU & HUI gains will be erased. You have to admit that gold had more than few good reasons to rally in the past 15 months. We had one fake when PDG lied about closing hedges and the rest are not worth mentioning, but remember voices that when Nasdaq goes below 2500 gold will have its time. And should. Peter Munk making headlines today while promising gold investors better times when the gold turn around the cycle. I remember him back in 1997 in the front of TV cameras crying alligator tears about CB's actions resulting in loosing thousands of jobs, while he was one of the initiators of the gold carry trade. While I'm fully pro competition I have a hard time to watch mogul like barrick pushing the POG down. As for CNBC I stopped watching them two weeks ago, not because of their negative comments on gold, but IMO they doing now unseen damage to the whole stock market. I still want to believe that the companies mentioned above realize CHEAP gold is not precious anymore. I'm convinced that with one stroke they can initiate rally to $400 which falling on the proper economic soil will burst to above $2000, so your children can tell your grandchildren "You know, you never know when it comes to gold, I remember...." Good night, Richard. Be LOOOOOONG, rally can happen any time now. 65/35 for this to happen before July.