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

To: goldsheet who wrote (89309)	9/5/2002 3:24:31 PM
From: long-gone	Read Replies (2) \| Respond to of 116753

but where would xau be were it not for recent loudly reported fcx problems?

To: goldsheet who wrote (89309)	9/5/2002 4:21:22 PM
From: Claude Cormier	Respond to of 116753

Bob, The 50% retracement for stocks is certainly a possibility. But with the DOW and the USD showing weakness and searching for a bottom, gold could easily move much higher. On a cyclical basis, gold is just entering an up cycle and is already above its 50% retracement. I think the odds are for a continuation of this rally towards $350.

To: goldsheet who wrote (89309)	9/5/2002 4:53:54 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 116753

According to Surbiton Associates, Australian gold production was down 8% to 272.5 tonnes for the 12 months ending June 30th 2002.

To: goldsheet who wrote (89309)	9/5/2002 7:44:40 PM
From: marek_wojna	Read Replies (1) \| Respond to of 116753

<<Yes, a 50% retracement from the June top of 88.65 to the subsequent low of 55.73 would be 72.19, which is about where we are, so I think we are just about done.>> In your opinion are the fundamentals on the gold side or not?