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

To: goldsheet who wrote (88301)	7/24/2002 3:50:45 PM
From: long-gone	Respond to of 116756

You no sooner typed than than we see an immediate pop. Near impossible to read - or is it exactly impossible to read? Does this say most people should keep a 2-5% position in precious metals at all times?

To: goldsheet who wrote (88301)	7/24/2002 4:02:58 PM
From: Real Man	Read Replies (1) \| Respond to of 116756

So far gold uptrend channel has not been violated, although that certainly may happen in future. Looks like gold stocks selling has been related more to broad market risk than to POG slide. Dollar has tested trendline, which is down. Were this downtrend channel to continue, the dollar index will be at 94 in 3 months, which will support gold at 350, other things being equal.

To: goldsheet who wrote (88301)	7/24/2002 4:37:36 PM
From: loantech	Respond to of 116756

Bob, I appreciate the opinion and analysis. Oh Oh! Potential bear market rally. If you don't mind please keep your finger on this pulse and let us know your updated opinions. Thanks, Tom

To: goldsheet who wrote (88301)	7/24/2002 11:43:53 PM
From: Real Man	Read Replies (1) \| Respond to of 116756

Gold has been weak since the beginning of June against the basket of G7 currencies. Perhaps, it's related to seasonal factors. Another factor is the weakness of Indian rupia against G7 currencies, which makes gold expensive for the most important consumer. The dollar has started to roll over a bit in rupia terms. Not much, though -looks like a rounded flat top in the past couple of months. The most important silver consumer is China, which has a currency pegged to the dollar. Since China manufactures and exports a lot of cheap goods, I guess, weak dollar has a lot more deflationary effect on the rest of the world than we would like to think.