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

To: Gary H who wrote (69726)	5/20/2001 9:03:00 PM
From: Rocket Red	Respond to of 116759

Up 11.40 Now!WOW!!!!!!!!!!

To: Gary H who wrote (69726)	5/20/2001 9:05:40 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 116759

It's up $11 after a close Friday up $12. When was the last time we had two up days like this back-to-back? Hope it holds. I think the time has come when the US markets can allow gold to have its day without a big drop. At least hope so for everyone else's sake not in gold.

To: Gary H who wrote (69726)	5/20/2001 9:18:09 PM
From: gold$10k	Read Replies (1) \| Respond to of 116759

The only similar experience I had was in September, 1999. On a Sunday night when the Washington agreement was announced, gold was suddenly up $10 and continued rising all day Monday and Tuesday to about $340, which as I remember was the top. XAU followed until it topped sometime early Tuesday from which point it stayed flat for the rest of the day. My impression is that although POG and XAU were low prior to the Washington agreement announcement, the fundamentals were not nearly so favorable to a sustainable move in gold as they are now (as listed earlier by JimL - see link below), so after the short-covering died down, the POG just drifted lower until recently. Message 15827268 It'll be strange for the Canadian gold miners to have their exchanges closed tomorrow. vt