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

To: Crimson Ghost who wrote (69511)	5/18/2001 7:44:06 PM
From: goldsnow	Respond to of 116764

Now I'm just about ready to change my call that we're only in a bear-market rally. And it's not just because of Wednesday's big move. In fact, even after Wednesday's surge, the Nasdaq is still below the May 2 highs that I marked as the "bookend" of the move and the end of the rally. Something else has happened that makes me think we might be seeing the real thing. I've finally gotten the catalyst I've been looking for: a definitive breakout in gold. Yes, gold -- the monetary commodity that the great economist John Maynard Keynes called a "barbaric relic." On March 22, the very day the Dow bottomed at 9106, I wrote that we would know when the bottom had arrived the same way we did in August 1982 -- the last time the stock market recovered from a deflationary spiral. The "tell" would be that the price of gold would bottom out and begin to rally. That's because gold is the most sensitive indicator of the market's demands for liquidity. When gold starts to rise off its 22-year lows, the markets are getting the liquidity they need and the deflationary spiral is ending. thestreet.com

To: Crimson Ghost who wrote (69511)	5/18/2001 8:04:58 PM
From: ItsAllCyclical	Respond to of 116764

>> This move in POG so far reflects not dollar weakness but lower interest rates and higher lease rates which makes it much less attractive to sell gold forward. When the dollar breaks, phase 2 of the gold bull will begin. << No disagreement there. I was never under the impression it was related to the dollar (so far). I'm just wondering to what extent gold rallying will help bring about phase 2 (sending the dollar lower) vs the dollar breaking sending gold higher. In general they move opposite to each other, but sometimes the moves are delayed as much as 6-12 months (at least based upon past charts I've seen).

To: Crimson Ghost who wrote (69511)	5/19/2001 12:57:35 AM
From: Square_Dealings	Read Replies (1) \| Respond to of 116764

And phase 3 will begin when there are technical innovations that use the very unique properties of silver and gold and people realize that these metals are precious to technology Anyway what's it worth if there's no substitute, it's critical to technology, and you can't get enough of it <VBG> China will rule in gold trade in the near future also it will become a sign of power. M.

To: Crimson Ghost who wrote (69511)	5/19/2001 1:31:59 AM
From: Jim McMannis	Respond to of 116764

RE:"This move in POG so far reflects not dollar weakness but lower interest rates and higher lease rates which makes it much less attractive to sell gold forward. When the dollar breaks, phase 2 of the gold bull will begin" Perhaps we are getting some anticipation of the latter. Certainly low rates, spiraling energy costs and the inability of AG to hike is a powerful combination for gold...read, gold stocks. It's looking like a little deja vu all over again with a little taste of the early 70's and mid 80's. You still in West Palm? Jim