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To: AllansAlias who wrote (47856)	7/27/2002 4:17:48 PM
From: Robin Plunder	Respond to of 209892

Allan, according to James Sinclair in his interview at financialsense.com, all the pieces are in place for a gold bull market except for declining bond prices, so that might be a trigger that would cause the gold stocks to turn around. It would seem that we need some basing before gold stocks could go higher, after gold has broken support at 305. If the dollar has a mini-rally here, it could also add to the basing period for gold. I just ducked in time last week and bailed before the stocks dumped. I got out even but lost some nice profits. I will be looking to get back in though at some point, if the charts improve. Marginmike, is there any comment from the hedgies on gold? Do they think it will drop to 290 or lower? Thx. Robin

To: AllansAlias who wrote (47856)	7/27/2002 5:47:31 PM
From: David Zgodzinski	Respond to of 209892

dollar breaking convincingly to new lows might be the key to that kind of turnaround in the HUI. At some point people around the world may begin to think that a lower dollar is a long term term trend and that could feed on itself.

To: AllansAlias who wrote (47856)	7/27/2002 6:06:31 PM
From: yard_man	Read Replies (3) \| Respond to of 209892

Re HUI -- two comments. Ouch, I bought back too early ... after selling a few weeks ago at a very good pt. Just a couple of days early on that hurt a good bit. That said, if you think it still has a shot, a reasonable way to play is to use a little bit of ones risk capital to buy a few of the better known small players. Like "long-dated" options on gold OK -- one more comment -- dollar correction I think has been brought about by the recognition that the 2nd dip is worldwide as it had to be given the prominence of the US economy. Here's what I think happens -- this next move will result from a move in equities lower, which some abroad are not sure is going to happen. Then the dollar correction is over ... There are some that don't believe the dollars shorter term moves have anything to do with gold -- I find that hard to believe myself ... Unless they simply fall off another cliff, it may be a week or two before we know if it's your favoured or ... OVER, IMO.