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

To: Real Man who wrote (88205)	7/23/2002 11:46:53 AM
From: Zardoz	Read Replies (2) \| Respond to of 116972

TA of an index such as the XAU must be based on the fundamental commodity that drives the stocks. Thus the price of gold must be taken into consideration, and with that said: "Corrections to 200 DMA are typical within a bull trend." is a misleading statement. You've based the premise that you have had a stable gold price during those 200 days... If gold is to continue within a $320 range then your logic may hold merrits. Although I see no logical reasons as to why the POG should not continue to fall going forward within the coming weeks. The bear market in Golds stocks must continue, as many of the gold stocks have the same accounting practises as those companies already deemed illegal. This is not to say that they have preformed illegal undertaking {such as GATA would suggest} but that their off balance sheets will now have to be reported. This could cause undue risk exposure to those companies. And in the cleaning up event of such gold producers & hedgers, you may see an accelerated forward leasing. And closing of such derivative swaps to wrap up a clean statements.