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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: lehoogie who wrote (10704)	8/6/2002 5:03:12 PM
From: The Vet	Respond to of 16631

in HGMCY from this morning? An intelligent buy. Yesterday's drop in HGMCY was an aberation; one of those things the market throws at us just to keep us guessing. Today's action in HGMCY was very nice, not too many wild swings and good steady buying. Gold is being controlled in order to get the US$ and the Japanese Yen back to where they are wanted and to disguise the fact that a few US banks (like JPM Chase) have some serious derivative problems they would like to hide/control. Gold will escape from this control, but expect volatility and some wild swings. Short time I expect it to hold the present range and HGMCY to gain modestly, with the usual IMHO. PS. To anyone you prefers a NA gold stock TVX is still cheap.