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

To: pater tenebrarum who wrote (73202)	7/10/2001 4:57:15 PM
From: gold$10k	Read Replies (3) \| Respond to of 116756

<<note : Marantette is NOT aboard>> I had a short subscription to Marantette way back when and was unimpressed to say the least. <<since November of last year, gold stocks have been in an up trend, defying the down trend in the general market...>> You are so right. The great thing is that nobody knows about it yet (aside from a handful of us), implying that there are a huge number of potential buyers out there.

To: pater tenebrarum who wrote (73202)	7/10/2001 6:01:27 PM
From: Rarebird	Read Replies (3) \| Respond to of 116756

<Since November of last year, gold stocks have been in an up trend, defying the down trend in the general market...> I see you are looking on the bright side here, for a change.). Certainly, you have not forgotten how the gold stocks sold off relentlessly with the tech stocks from March thru October of last year. At best, I don't see today's rally in the gold stocks as anything more than a counter trend rally. It may even be a one day affair, the result of short covering ahead of tomorrow's BOE Auction. I think there is more downside in regard to the XAU and HUI before we see a substantial move up, a real powerful Bull Market. I think $300 POG is the ultimate dividing line between a Gold Bull and a Gold Bear Market. I don't like the way Gold backed off so vehemently as it approached the $300 level a few weeks ago. I would change my view if the XAU closed above 57. I think the EURO holds the key to the POG and the tax selling in the EURO is not quite over. I think the time to be overloaded with heavy positions in Gold Stocks is during late December of this year after the tax selling in regard to the EURO is finished. Next year should be a banner year for the Gold Stocks as the EURO makes its cash debut. If I see the XAU rally up the 56/57 level and stall out, I won't hesitate to short a whole bunch of Gold Stocks, which are on my radar screen. I don't think the gold stocks are going to offer much protection in this next vicious Bear Market Decline to Lower Lows. It is going to get quite scary as the summer unfolds. I do hope I'm wrong. But I never trade on that emotion.