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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (2596)	5/18/2001 4:36:51 PM
From: Rocket Red	Respond to of 11802

Analysis Thu 5/17/01 Mov Avg-Exponential Indicator: Conventional Interpretation: Price is above the moving average so the trend is up. Additional Analysis: Market trend is UP. Mov Avg 3 lines Indicator: Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average. Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average. Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. Bollinger Bands Indicator: Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band. Additional Analysis: The market appears overbought, but may continue to become more overbought before reversing. Given that we closed at a 45 bar new high, the chance for further bullish momentum is greatly increased. Look for some price weakness before taking any bearish positions based on this indicator. Volatility Indicator: Volatility is trending up based on a 9 bar moving average. Momentum Indicator: Conventional Interpretation: Momentum (7.30) is above zero, indicating an overbought market. Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an overbought market. However the market may continue to become more overbought. Given the 45 bar new high here this is even likely. Look for some evidenced weakness before getting too bearish here. Rate of change Indicator: Conventional Interpretation: Rate of Change (2.70) is above zero, indicating an overbought market. Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is indicating an overbought market. However the market may continue to become more overbought. Given the 45 bar new high here this is even likely. Look for some evidenced weakness before closing long positions here. Comm Channel Index Indicator: Conventional Interpretation: CCI (219.03) recently crossed above the buy line into bullish territory, and is currently long. This long position should be liquidated when the CCI crosses back into the neutral center region. Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (219.03) is currently long. The current long position position will be reversed when the CCI crosses below zero. Adding bullish pressure the market just reached a 45 bar new high. ADX Indicator: Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is rising. Additional Analysis: The long term trend, based on a 45 bar moving average, is up. Further, a rising ADX indicates that the current trend is healthy and should remain intact. Look for the current uptrend to continue. DMI Indicator: Conventional Interpretation: DMI+ is greater than DMI-, indicating an upward trending market. A signal is generated when DMI+ crosses DMI-. Additional Analysis: DMI is in bullish territory. And, the market put in a 45 bar new high here, adding bullish pressure. RSI Indicator: Conventional Interpretation: RSI is in neutral territory. (RSI is at 69.61). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone. Additional Analysis: RSI is somewhat overbought (RSI is at 69.61), but given the 45 bar new high here, greater overbought levels are likely. MACD Indicator: Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA. Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. And, the market just put in a 45 bar new high here. Look for more new highs. Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity. Volume Indicator: Conventional Interpretation: The current new high is accompanied by increasing volume, suggesting a continuation to further new highs. Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is UP.The current new high is accompanied by increasing volume, suggesting a continuation to further new highs. However, be careful to avoid buying in an overbought market. RSI or MACD may be helpful here. Stochastic - Fast Indicator: Conventional Interpretation: The stochastic is in overbought territory (SlowK is at 90.27); this indicates a possible market drop is coming. Additional Analysis: The long term trend is UP. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to. Stochastic - Slow Indicator: Conventional Interpretation: The stochastic is in overbought territory (SlowK is at 85.34); this indicates a possible market drop is coming. Additional Analysis: The long term trend is UP. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to.

To: Al Collard who wrote (2596)	5/18/2001 4:44:14 PM
From: Rocket Red	Respond to of 11802

05/18 16:13 Gold Has Biggest Gain in 15 Months on Buying by Speculators By Claudia Carpenter New York, May 18 (Bloomberg) -- Gold jumped 5 percent, its biggest gain in 15 months, on buying by speculators who make trades based on historical price patterns. Prices that were little changed in early trading soared to an 11-month high after the June contract rose to $275 an ounce, triggering buy orders that had been placed earlier, traders said. Gold futures have been buoyed by a surge in shares of gold-mining companies since the end of March. ``The funds are tripping over themselves to buy'' gold, said Donald Eckert, head of precious metals trading at J.P. Morgan Chase & Co. in New York. ``I would have to say a lot of this is technical.'' Gold for June delivery rose $13.80 to $287.80 an ounce on the Comex division of the New York Mercantile Exchange, the highest closing price for a most-active contract since June 30. It was the biggest one-day gain since Feb. 4, 2000. Futures prices have lagged gains in gold mining shares during the past seven weeks. While the Standard & Poor's Gold Index had risen by about one-third since March 30, as of yesterday, gold futures were up 5.7 percent. The index of four gold-mining companies has been the second- best performer in the S&P 500 Index during the past three months, behind engineering and construction firms. Shares of Denver-based Newmont Mining Corp., the second- largest gold-mining company after South Africa's AngloGold Ltd., have risen 41 percent this year. Short Covering Contributing to the 13 percent rise in gold futures from a 17- month low in February was buying by speculators who had sold contracts earlier expecting prices to go even lower. Hedge funds and other speculators had bought 1,531 more contracts than they had sold as of Tuesday, a report after trading from the Commodity Futures Trading Commission showed. It was the first time that speculators held a ``net long'' position since late July. ``It is the speculators who sold gold short who are mainly covering to minimize losses,'' said Heinz Thoma, a money manager at Global Strategic Management in Annapolis, Maryland, which holds about $25 million in gold stocks. ©2001 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks.

To: Al Collard who wrote (2596)	5/18/2001 4:51:05 PM
From: russet	Read Replies (1) \| Respond to of 11802

Rumors contributing to POG spike. Bank of England said to be finished selling bullion from holdings. Because of panicky lowering of short term interest rates by Greenie and the Fed, gold contango is at very low levels (difference between what gold miners and speculators must pay in interest to borrow gold, and what they get in interest on the proceeds invested in interest bearing investments from immediately selling the gold),...bottom line, it is not very profitable for miners like Barrick and speculators like the Goldman Sachs to short sell gold anymore, so the lid is off the price. Greenie has spewed so many $US dollars out into the market to support the Nasduck and Doomed Jones, that speculators think the least risky bet is now against continuing strength in the US dollar,...so if the US dollar drops, the price of gold in currencies of gold consuming countries like India goes down, so people who like gold will be able to buy more, cheaper. If that happens demand will jump but mine supply is more or less constant and expected to drop in the next few years so demand will jump above supply, the central bank supply is diminished and less likely to fill in the gap, so the POG will rise to ??????? The speculators, like squished hamsters, are jumping on board now ;-)))))