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

To: Crimson Ghost who wrote (75499)	8/23/2001 5:54:51 PM
From: long-gone	Read Replies (1) \| Respond to of 116826

"The seller, whoever it was, " Yeeah right, as if it can't be guessed...

To: Crimson Ghost who wrote (75499)	8/24/2001 3:28:19 AM
From: W PAUL	Respond to of 116826

Thank you for this - a very good read. But it has to be dated August 22nd rather than the 2nd surely. Is there a link to the charts he refers to ?

To: Crimson Ghost who wrote (75499)	8/24/2001 12:54:28 PM
From: Rarebird	Read Replies (3) \| Respond to of 116826

You cannot fool the XAU. It is the best intermediate term leading indicator for the POG. It should come as absolutely no surprise that many of the gold stocks are rallying here in spite of the POG being down over $3. Any chance of a sustainable economic recovery later this year will require a much lower USD, which is bullish for the POG. Smart Investors/Traders know this and are buying the Gold Stocks on all major dips, like we had this morning. Moreover, if the U.S. economy does not rebound later this year, the gold stocks represent a great safe haven and defensive play on sluggish economic growth. The bottom line is that the gold stocks will rally either way the economy turns here. No wise trader should ignore the very bullish signals the XAU is setting forth today.