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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (2974)2/5/2002 2:13:22 PM
From: TheBusDriver  Respond to of 4051
 
<<Gold did break above $292>>

and it kept on going. Should be interesting in AP and London tomorrow. Will it hold? Seem to be building momo but I expect the CB's to get their act together soon and try a body slam.

Wayne



To: Claude Cormier who wrote (2974)2/6/2002 7:56:04 PM
From: Little Joe  Read Replies (2) | Respond to of 4051
 
Claude:

A definite short term top today. Now I expect consolidation of gains before we move further.

Little joe



To: Claude Cormier who wrote (2974)2/6/2002 8:39:32 PM
From: russet  Read Replies (1) | Respond to of 4051
 
You might want to keep an eye on Japan,...their current stock market crash could be forcing them to finally clean up their bank problem by supporting them with government money and regulation similar to what the americans did in the savings and loan crisis a decade and a bit ago. That could change the current trend of Japanese gold buying to get out of holding their currency, which may have been the key factor in instigating and supporting this latest gold rally.

The world fiat currencies seem to be able to handle the shock of any one crisis, but when a few hit at the same time, it's clear a lot of people still run to good old gold (ggggggggg)