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To: Earlie who wrote (117295)	8/17/2001 10:17:55 AM
From: Mike M2	Read Replies (2) \| Respond to of 436258

Earlie, that may have occurred in the past but I would argue that many of the current mining share owners are smart enough not to put themselves in a position where they need to scramble for liquidity. I also suspect gold shares are under owned by many institutions that in the past would have held some gold shares. Many gold share owners realize that we have witness the biggest bubble in history and TL & EV will follow. To hold gold shares in the face of the " strong dollar policy" and related manipulations requires strong convictions backed by an understanding of history. mike ho ho ho

To: Earlie who wrote (117295)	8/17/2001 10:20:54 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

that's the way i think it will work too

To: Earlie who wrote (117295)	8/17/2001 11:59:41 AM
From: Shortcut	Read Replies (1) \| Respond to of 436258

Out of curiousity, why not just go long the COMEX gold futures? You will have all the leverage you can really wish for and you don't have to worry about the - sometimes - illogical relationsship between POG and the gold stocks.

To: Earlie who wrote (117295)	8/17/2001 2:17:04 PM
From: John Madarasz	Read Replies (1) \| Respond to of 436258

Earlie... noticed this very cogent observation on another board about short term action of Golds also... Symbol: NEM Message: short term, my only problem with gold stocks (very short term) is that the DOLLAR has tanked PAST the 200MA...its been straight down and its DUE for a big bounce...that will likely result in short term profit taking in GOLD....XAU looks like it will hit near $60..after that, i think dollar rallies a bit and XAU pulls back a bit Regards, John

To: Earlie who wrote (117295)	8/17/2001 3:42:28 PM
From: Davy Crockett	Respond to of 436258

That is correct... you said I haven't bothered to check this out, but some sharp investors I know tell me that one can expect gold stocks to sell down with the rest of the market in the early stages of a crash. Why? Everybody is looking for liquidity, hence every stock they own is for sale, including their gold stocks. Since those few who have cash are looking for gold stocks, there is at least some buyers around, albeit at lowered prices. Once the initial blood-letting is out of the way, then gold stocks gain traction and advance. Regards, Peter p.s. Hopefully it's different this time <g>