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

To: Zardoz who wrote (71643)	6/14/2001 5:46:21 PM
From: ItsAllCyclical	Respond to of 116786

Nasdaq broke down today and the Dow is close. A snap-back rally is to be expected at some point, but I wouldn't be at all surprised to see the old lows tested. The economy is still not showing any signs of responding to Greenpump's rate cuts. Looks like more liquidity is needed. Not the kind of enviroment that I'd want to short gold in... Nasdaq 100 66.59.141.65 Of course you could tell that this rally in gold prices was false based upon 30 minutes of inter-day trading last Friday, so why worry? So you had a stop loss in at 22.4 on your NEM short? Hmmmm 24 to 22.4, wow that was really worth the risk. Meanwhile longs of KGC, HM, GLG, DROOY have doubled their money in a few months with comparably very little risk. And I don't have a problem with shorting NEM. Shorted some myself at 24 to hedge long positions, but it was just that...a hedge vs a naked short position.