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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (163)	8/31/2003 10:03:40 AM
From: Little Joe	Read Replies (1) \| Respond to of 29622

"So the BIG question is which way do we go? What I suspect is going to happen (from what I see in the charts) is that POG will continue to rise and stocks will begin to underperform compared to gold. Somewhere around $400 we are going to get a correction. One is due." That is a distinct possibility. I was heavily invested in gold during the great bull of the 70's. I noticed that often minor corrections occurred when POG move up and stocks did not. Another good indicator is the gold coin market. When POG continued up but a huge spread developed between bid/ask and coin prices did not move commensurate with POG then a correction came and the ultimate top was likewise signalled that way. But be careful how you use this information. Often I will see a comment made about a one day divergence in price being bearish or bullish. Those are just static, it is persistent divergence that you need to watch. Good luck and I think if we all share our knowledge we will come out of this well. Little joe

To: TheBusDriver who wrote (163)	8/31/2003 1:50:20 PM
From: crustyoldprospector	Read Replies (2) \| Respond to of 29622

Wayne, "... a general equity market sell off of major proportions will impact gold stocks. I suspect this very well could line up with a $400+ gold situation, if so we get the correction at that same time equities have the rug pulled out from under them and the correction for us is deeper than we will expect but also short lived, if '87 is replayed." That is exactly the way I read it, FWIW. If things play out well, maybe I'll have enough winnings to afford a new kilt that better fits my more robust mid-section. Regards, crusty