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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (25115)	1/8/2003 11:09:39 PM
From: Bert	Respond to of 36161

Jims..your assessment of NEM is spot on IMO...I'm not convinced this gold move has legs...moneystream is exiting NEM, and others...I saw shorting on L2 today...again, the lack of a "hot knife through butter" move on the HUI high brought a pause in my thoughts, as did the daily candlestick..therefore a trading move out of the sector on Monday..waiting for a dip and some basing before the next move up...I will be buying the consolidation...I'm focusing on tech at the moment..I see a rally due ahead...which will give gold a healthy breather...TNX looks like a bottom tomorrow...dollar is being bought here...MNG is sooo done for now....IMO of course... Bert

To: jimsioi who wrote (25115)	1/8/2003 11:25:10 PM
From: ItsAllCyclical	Respond to of 36161

jimsioi - Re: NEM, weakness can be attributed both to options and it's relatively hedged status (at least for 1 more year). Look at the Jan contracts. I still think gold needs to close above 360 for NEM to make a new high, but it's coming. I wouldn't use it as a proxy for the sector.

To: jimsioi who wrote (25115)	1/9/2003 6:04:11 AM
From: jrhana	Read Replies (2) \| Respond to of 36161

up 3.22% in one day and <NEM is hardly participating>? NEM is less volatile I believe than most PMs but I do not think up 3.22% in a day is too bad. I prefer slow and steady. Don't forget the article posted by Frank Pembleton showing that gold stocks are influenced by the general markets; ie the market being down tended to rein in the gold stocks because they are also stocks. The influence is secondary (POG is primary of course) and healthy IMHO. Here are the listed pms I follow: finance.yahoo.com Anyway keep an eye on things for me guys, I will be away from the computer today and tomorrow.