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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (2897)	6/21/2001 11:47:30 AM
From: Davy Crockett	Respond to of 5144

Hi Kastel, Interesting articles FWIW thestreet.com Why I hold K.to Some smaller companies are even more levered. For example, Morgan estimates that Kinross Gold's net asset value should increase by 400% or more for every 10% uptick in gold. thestreet.com Interesting...I don't accept that gold and gold stocks are doomed to march forever downward until they hit zero, and that the "barbaric relic," as John Maynard Keynes called gold, is consigned to the dustbin of history. I believe that gold always has had -- and always will have -- important monetary properties IMHO Gold has a "history" longer then history itself...all of course FWIW & IMHO To try & balance the arguement... from Auther Hill The PHLX Gold/Silver/Copper Index ($XAU) broke below flag support with a gap down and long black candlestick. As pointed out in yesterday’s commentary, this is bearish and I would look for the index to test support around 50 in the next few days or weeks. tdtrader.com Crazy markets, Peter

To: Cogito Ergo Sum who wrote (2897)	6/22/2001 10:38:14 AM
From: Davy Crockett	Respond to of 5144

Hi Kastel, Daily chart of K.to stockcharts.com Postives: As I write this it appears that K has bounced of the 50 day ema (which also is now major sopport from the weekly suppport), CMF barely positive, RSI curved back up towards 50, +DI sitting on -DI (possibly suggesting a real tug of war between the bulls & da bears.) Negatives: ADX heading south indicating the prior has weakened, lower high on MACd, however still above the zero line, Slo Stoch declining. 5 day ema crossed below the 21 day ema... hopefully the DMI's don't confirm the ema's. Normally I would sell when faced with such a chart... but I'm too fixated on Gold to probably make rational judgements FWIW & of course IMHO Regards, Peter ps: if you have a chance check out the weekly & monthly charts