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

To: long-gone who wrote (74811)	8/10/2001 4:00:09 PM
From: lorne	Read Replies (3) \| Respond to of 116914

Gold ramp unsustainable. Posted: 08/10/2001 02:00:00 PM " Unsustainable – that's precious metals expert John Reade's view on gold's $10 spike since Wednesday. The UBS Warburg analyst says with bullion testing $275/oz, this is "a good time to sell a bit of gold" and lock in profits. He says: "If gold was doing something on its own merit, then I could remain bullish. But when it is being driven purely by currencies…then it is hard for me to be in anything but profit taking mode." The brokerage expects that recent dollar weakness will be short-lived and with gold's latest hike inspired by the greenback's decline, Reade says it is likely that gold will slide back into the $265-$269 range within the next week. " Full story >>> mips1.net