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

To: Real Man who wrote (73702)	7/20/2001 1:05:34 PM
From: Rarebird	Read Replies (2) \| Respond to of 116906

I see continued IT spending deterioration as the economy slows. This is bad news for the technology sector. However, these markets look resilient and appear to be saying that the worst is behind us. For equity investors who got better things to do with their lives than time the short term direction of the S@P or NDX, the focus should be on companies that: (1) can beat consensus estimates: (2) have a fairly stable outlook; or (3) realistically can see the bottom in the next six to nine months. Despite worse than expected profit news over the past six weeks, big cap market indexes like the S&P 500 and Nasdaq have essentially moved sideways for three months with little inclination to test the April 4 lows. Sectors with a recent healthy breakout above their 200-day moving average are: auto parts, steel, retail building supplies, retail electronics, and generic drugs.

To: Real Man who wrote (73702)	7/20/2001 1:15:02 PM
From: marek_wojna	Read Replies (1) \| Respond to of 116906

IMO you are on the right track. Why anybody should feel bearish on gold when there is more than enough evidence the political unity of the world is falling apart. Even sucker Blair sitting now on the fence. Watching scenes from Genoa remind me fall of the communism. There is more than enough of the powder in the air waiting for the spark to blow up the status quo. Sure, there might one or two more dips, but this time fundamentals are strong on the gold side.