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

To: Broken_Clock who wrote (25920)	1/17/2003 3:34:59 PM
From: Crimson Ghost	Read Replies (3) \| Respond to of 36161

I have another view. Gold stock prices should logically be based on AVERAGE expected POG for the year. Now GATA and others projecting much higher POG are basing that projection on a major short squeeze. But inflated short squeeze quotations usually collapse once the shorts have covered. So perhaps the poor gold stock action is telling us that POG will quickly plunge from whatever highs are reached during a possible short squeeze. POG may skyrocket at some point, but may not stay at those dizzying heights very long.

To: Broken_Clock who wrote (25920)	1/17/2003 3:38:34 PM
From: jimsioi	Read Replies (1) \| Respond to of 36161

Guessin' what's up, seein' what's down Turn this around, the nice little gold miner rally early has turned into a 3 and 4% down day for some miners....We see the HUI below looks more likely to revisit 142 than get over 148 without major action to the upside in GOLD ($360+). HUI - weak last hour again??? charts-d.quote.com:443/1018861607910?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:HUI.X&Interval=60&Permission=314410&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10 As to "what's up" lets blame option expiration...One seemingly has to or the action today is pretty negative... GG's PPO and Full STos are less than impressive here...and kinda typical... stockcharts.com[h,a]dbcayiay[dc][pc50!c20!f][vc60][iut!Le12,26,9!Li14,3!Lg!Lb14!Lh14,3!Ll14!Ld20]&pref=G