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

To: jrinvestor who wrote (73648)	7/19/2001 8:29:16 AM
From: long-gone	Respond to of 116753

Don't speak to soon.

To: jrinvestor who wrote (73648)	7/19/2001 8:56:50 AM
From: long-gone	Read Replies (3) \| Respond to of 116753

Looks as if someone leased 1 year gold & sold into spot market. Hedge problems? Who knows...

To: jrinvestor who wrote (73648)	7/19/2001 11:16:03 AM
From: marek_wojna	Read Replies (1) \| Respond to of 116753

Looking at the markets today, virtual reality still strong. People still have too much of imagination left.

To: jrinvestor who wrote (73648)	7/26/2001 6:12:13 PM
From: Rarebird	Read Replies (2) \| Respond to of 116753

Jobless claims fell sharply in the latest weekly report and the trend in recent weeks is flat to down. I was looking for the claims to fall well below 400,000 per week as a bullish sign and they did. Durable orders were down 2% in June, an indication of continued weakness. This number bounces around a lot. The high tech outlook seems a lot cloudier looking forward. The excess capacity in markets served is enormous so it should take a lot longer to recover. All signs point to a final 25 basis point rate cut in August. I'd like to see another 100 basis points of rate cuts. But I can't always get what I want. Mortgage refinancing has been a source of funds that have kept consumer spending strong. There has been approximately $495 billion of refinancing in the first six months of this year and consumers have extracted $33 billion. If that has been the source of supply keeping the consumer active, then I would suggest that the $39 billion in tax rebates now in the mail should have at least as much positive influence. Consumers are one of the remaining bright spots of strength in the economy. The Gold stocks may get a little bit of a reprieve tomorrow as some vultures cover ahead of the weekend; but they have a lot further to fall IMO over the next month. The next leg down appears to have begun in earnest. XAU 43-45 and HUI 55 is a good place to begin accumulating gold stocks IMO.