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

To: Crimson Ghost who wrote (71324)6/8/2001 3:29:33 PM
From: goldsheet  Respond to of 116767
 
On the way up the XAU was 62.00 at 272.40 AU on May 16th, and 62.69 at 274.00 AU on May 17th. On the way down as gold hit $273.90 on May 29th, the XAU closed at 59.69, a little lower (3 points, or 5%) than its relative pricing on the way up.

I would have felt better if gold had managed to hold $270 and XAU held 60. With gold back at $273, I am just observing the XAU at 58.58 when I would have expected it to be 62-63. I'm still mildly bullish on stocks, but one can not blame me for being concerned given all the the fakeouts we had have to endure.



To: Crimson Ghost who wrote (71324)6/8/2001 3:52:04 PM
From: gold$10k  Respond to of 116767
 
XAU <"discounted" some of the POG rebound in advance>

I agree, George. If the nominal value for POG minus XAU is 220, then the current value of 215 indicates that the stocks are still leading the metal up and the POG is playing catch up.

vt



To: Crimson Ghost who wrote (71324)6/8/2001 4:24:42 PM
From: GuitarMan  Respond to of 116767
 
COT report out yet ?

Thanks....


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