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


To: Crimson Ghost who wrote (75400)8/21/2001 3:02:27 PM
From: Real Man  Read Replies (1) | Respond to of 116874
 
Some overhedged Aussie miners that see Aussie buck going against them are also the commercials that are short. I can see fireworks in the gold and silver market if the dollar continues to slide relative to the Aussie. The dollar index is below 200 DMA. Gold 200 DMA is at 282, so we have just tested it. I believe we will break out this time.



To: Crimson Ghost who wrote (75400)8/21/2001 3:44:28 PM
From: gold$10k  Read Replies (1) | Respond to of 116874
 
It's impressive... the gold stocks are tenacious!



To: Crimson Ghost who wrote (75400)8/21/2001 6:03:57 PM
From: Rarebird  Read Replies (1) | Respond to of 116874
 
The reversal in the USD after the Fed rate cut was quite significant. Last weekend, I had expected the USD to rally back to its 200 day moving average before moving lower. The Gold stocks are finally beginning to act like the safe havens they are. It is only a matter of time before the gold stocks really take off. The Smart Money buys near the close and on weakness. These gold stocks are under massive accumulation. I'm very long and strong Gold stocks here because I know the commercials are dead wrong in taking such a massive short position. My fundamental indicators are very bullish for Gold.

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