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


To: Zardoz who wrote (87879)7/15/2002 6:50:26 PM
From: long-gone  Read Replies (2) | Respond to of 116764
 
<<So how did the XAU end today, while the POG went up $4.00+>>

OK, Mr. Know It All how did the more near silver "pure play" producers end? How the XAU did, matters not a lick - as I said so very long ago, silver is my major play........

HINT HINT
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To: Zardoz who wrote (87879)7/15/2002 8:54:19 PM
From: Follies  Read Replies (1) | Respond to of 116764
 
Mr No Nothing

These reason gold was up $4 and the XAU was down is that gold closes several hours before the stock market. Had gold traded until 4pm EST it would have closed down.



To: Zardoz who wrote (87879)7/16/2002 12:07:57 AM
From: marek_wojna  Respond to of 116764
 
<<See what I suggest about the difference between gold and gold stocks? >>

Sometimes you are right, many times wrong too, like NEM versus CSCO, being bear on POG when it was below $270.
My past and present opinion is that trading metal will be much more profitable than shares as investors still have in fresh memory (and they only see the top of the iceberg) of what happen to the equities.I'm positive pure gold and other hard assets will survive as they always did, cannot say this about fiat currencies and all modern "creative" ways of building "wealth".