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To: Terry Maloney who wrote (215216)	1/16/2003 8:54:25 PM
From: orkrious	Read Replies (2) \| Respond to of 436258

Lance Lewis' thoughts on gold tonight dailymarketsummary.com The yellow metal ended the day right at its very best levels, up $7 to $358. The HUI rose 5 percent, almost retaking the week’s earlier losses entirely, but still well shy of a new high. Is the “correction” already over (not that the metal ever even really had one)? Maybe? The shares still don’t appear to be responding the way they should to the metal’s rally, as the market clearly doesn’t believe the move in the metal is for real. Now, this can resolve in two ways. Either the holders of the shares are just wrong and the shares will play an enormous game of catch-up to the metal at some point, or the metal is making a blowoff-type move that is going to end in a sizeable correction where the shares will likely hold up quite well since they are already discounting such a pullback. I’m honestly not sure, but I am beginning to give the first idea a little more credence. It’s a bull market, so the benefit of the doubt has to always go to the upside. If the shares are in fact finished correcting, then the next move up is likely to be an enormous one, in my opinion. Stay tuned…