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


To: Ken Benes who wrote (70777)5/30/2001 2:16:25 PM
From: Ken Benes  Read Replies (4) | Respond to of 116763
 
Even the most optimistic Joe Palookas must realize that with gold down 8.00 to the 265 range, this is not a retracement, but a total giveback. Back to square one.

Ken



To: Ken Benes who wrote (70777)5/30/2001 2:29:09 PM
From: yard_man  Read Replies (1) | Respond to of 116763
 
interested in balanced views. give us your ideas on the role of CB selling, forward selling and leasing. Aren't these and the derviatives a large part of the price action? Aren't interest rates important to this? Will CBs simply sell to keep the price below a certain target or do they have no interest in the POG at all?

Love to have your global reasoned view instead of just "market won't support this -- won't support that -- gold is going back where it belongs -- blah, blah, blah ... oversupply, etc."



To: Ken Benes who wrote (70777)5/30/2001 2:30:57 PM
From: Jim McMannis  Read Replies (1) | Respond to of 116763
 
Ken,
Looks like the XAU is down to support or close to it at 57 and change. If that doesn't hold then it's back to the drawing board with the wave pattern.

I sense another "XAU report" in the making.

Position: out on last KS formation + overbought.

Jim