Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tommaso who wrote (91121)	11/12/2002 2:02:13 PM
From: long-gone	Read Replies (1) \| Respond to of 116833

<<How come the $3.40 spike in gold?>> A great many "experts" are telling people to sell the stocks & buy the metal(s).

To: Tommaso who wrote (91121)	11/12/2002 3:19:45 PM
From: Real Man	Respond to of 116833

Gold is complicated right now, I can't quite figure it out. But there is quite a bit of resistance in this range, up to 329. If it goes above 330, most likely, this will coincide with a break of 103 for the dollar index, which will be very bearish for dollar and bullish for gold. Now or in a month? I don't have a clue. If there is a XAU put setup at expiration, I'll play it, hedging gold longs. Currencies (Yen and Euro) look pretty bearish for the dollar already.