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

To: jimsioi who wrote (89512)	9/12/2002 9:26:45 AM
From: Chispas	Read Replies (1) \| Respond to of 116815

Harmony looks better and better.....(Thanks, Jim!) finance.yahoo.com

To: jimsioi who wrote (89512)	9/12/2002 10:03:26 AM
From: E. Charters	Respond to of 116815

I used to index a group of CDN gold stocks off the VSE/TSE. (Most junior golds were on the TSE in the 50's and 60's when gold was sick and exploration was well.) Now most juniors are sick on the CDNX or TSE jr ventures ex or on the sick-crook market of the VSE. Anyway, the index was useful. I used to multiply volume times noon price for about 100 stocks. It was a good bellwhether of the market. What a guy could try is opening price averaged with noon, rather than close, which is always a tad high. Multiply times volume too, to keep everything honest. You can decide whether to negativize direction of trading. Experiment. Keeping your own spreadsheet these days is within the capability of the common man, whereas we had to depend on data services 20 years ago for our curves. Using a picked group of venture stocks and a picked group of producers is more accurate for an indicator than the indexes, because the indexes are adjusted so that they perform well. In addition what you do is analyse the self-indexed group for volatility and apply factor analysis and correlational analysis in order to pick out the leaders in this group. Then regressing them forward and regrouping, perhaps in association with other economic indicators (POG, silver, Fed, CPI, DOW, CBOE, S&P futures etc.. one should be able to generate a predictive market curve for gold and gold exploration. Assuming you have picked the right group of gold stocks, doing correlation or factor methods may be superfluous. Trying factors of stock groups with other indicators might be a useful excercise. Factor methods might be a way to pick your "right "group of indicators and stocks in the first place. EC<:-} EC<:-}