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

To: Crimson Ghost who wrote (77551)	9/27/2001 9:45:16 AM
From: Alex	Respond to of 116753

Daily Gold & Silver Review 9/25/01 December Gold After equities bounced yesterday and with continuing strength today while gold was trading, the gold market seems to have hit a bit of a wall, ending today at 291.8, up 90-cents. Also, the Swiss National Bank announced that it was selling an additional 283 tons of gold within a year. This is in addition to the 320 tons sold since May 2000. This news can’t be too encouraging to bulls. Consumer Confidence numbers were predictably low, the lowest they’ve been in 5 years, although new home sales came in at record pace last month (next month expect to see that figure plummet). Gold has been driven up as it still has some luster as a “safe haven”. If equities continue to slide…and they likely will…gold should remain supported, especially if the USD continues to drop like it did today. It’s just a bit odd that considering the magnitude of events this month that gold isn’t $100 higher by now. What’s keeping it back, is the rally fizzling out? futuresknowledge.com