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

To: Lucretius who wrote (93340)	2/5/2003 5:34:51 PM
From: Gabe Heti	Read Replies (2) \| Respond to of 116957

Disaster? The Columbia shuttle crash was a disaster. A 5% drop in XAU after a 4% rise the previous day is no disaster. Gold is still $50 an ounce higher than it was six months ago. That can only be a positive for miners if this level in gold is maintained. The market is not convinced that gold will hold, but if it does, miners are headed higher.

To: Lucretius who wrote (93340)	2/6/2003 4:22:31 AM
From: chojiro	Respond to of 116957

today was a disaster for the gold stocks. how can you be blind to that? All I did was ask a simple question. I didn't comment once about the price action of POG or the miners. Why you assume I am blind of a 4-6% over all decrease is beyond me. But for the case, looking through my list, I do notice a fair number of them that closed higher than yesterday's low. Doesn't mean it won't happen tomorrow. They most likely will. So your proclaimed disaster that was today wasn't in the 5% or so decrease in prices But rather what might be in store down the road a bit. I don't know what your stance is on POG, if you think this longer term bull run is over or not. I don't But I could see it trend lower for a while. That said, here's a list of some I would be looking at to be on the short side until the funk settles and we begin trending up again finance.yahoo.com I even took it one step further and checked on the short interest provided by Yahoo! Broken down from the above list it goes something like this stock short interest % of float last months short# ASA 737K 8.2% 402K RANGY 9K 0.2% 17K SSRI 738K 2% 783K PD 4.71M 6% 4.22M KGC 5.71M 6.4% 4.89M GLG 3.22M 3.2% 2.54M FCX 11.9M 10.2% 11.5M VGZ 570K 7.6% 212K Oh, you can add BGO and MNG at least to the list. If the "disaster" scene you are seeing will last perhaps a month, 25% or so declines would be in order- But likely buying opportunities also IMO. Of course if you think POG is headed to sub 250, I say short every one of them to zero. P.S. Best to double check any numbers of interest I posted above as it's late and I'm half alseep. PPS> I am long small positions in BGO MNG and GFI. I sold some of those shares about a week ago As well as some physical. Right now I still regret selling the coins.