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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (2319)10/2/2001 6:45:03 AM
From: Crimson Ghost  Respond to of 36161
 
Slider:

I suspect we will really see the gold stocks take off when POG goes up above $300 and STAYS THERE. Past rallies above that level have quickly fizzled, so I think people will want to see some evidence that POG can remain above $300 before going after gold stocks with a vengeance.

BTW people should know that when the XAU rallied to 140-150 in 1993, the Dow was below 4000. So a huge jump in the XAU is quite compatible with further heavy erosion in the broad US stock market.



To: SliderOnTheBlack who wrote (2319)10/2/2001 2:54:12 PM
From: Michael July  Read Replies (1) | Respond to of 36161
 
Slider....have read your posts for quite some time and find them very informative. I wonder though if gold will not first have a quick and hard fall to fill the price gap left after the Sept 11th tragedy. That is what is holding me up from backing the truck up and loading up with gold/gold stocks. I have seen this happen (filling in price gaps) time and time again before a sustainable move is made. What are your thoughts on that?

BTW....do you post on the USAGold forum? There is a person who posts over there who writes similarly to you.