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

To: rolatzi who wrote (74327)	8/1/2001 5:16:53 PM
From: Professor Dotcomm	Respond to of 116833

Sounds pretty educated to me, Rolatzi. In calendar 2002, the Euro could recover about 15% to the USD and the POG could go along with it in which case it could be $40 higher than today.

To: rolatzi who wrote (74327)	8/1/2001 5:58:04 PM
From: Rarebird	Read Replies (2) \| Respond to of 116833

I plan to be net long gold stocks by the first of the year for a very nice rally. However, I see further weakness in the Euro here, due to tax considerations, which I think will bring the POG down to challenge its 99 lows at the very least. I'd like to see new lows in the POG. It would be very bullish if the POG hit marginal new lows while the XAU held above its October 2000 low. I'd cover in a flash if that occurred and go net long. That would be very bullish. However, the recent tremendous underperformance of the gold stocks in relation to the movement in the POG indicates that the decline in the POG and Gold Stocks are far from over. Roasted Gold Stocks is what I continue to see for the month of August. Got Gold Shorts? Got Puts to hedge long gold equity positions?

To: rolatzi who wrote (74327)	8/1/2001 6:14:46 PM
From: gold$10k	Respond to of 116833

rolatzi, your scenario makes sense to me... a continuation of the recent past for the rest of the year. I expect that if gold performs as you say, then gold shares will also continue their recent performance, making new highs with every spike that you refer to, but higher lows on every pullback. Every time that the POG doesn't make a new low there's more reason to believe that the new direction is up. Gold shares lead the way in a new bull. Clearly, few expect this to happen. I can wait until next year for things to get seriously bullish, but I hope to make a dollar or two in the meantime. vt