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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (4867)	10/3/2003 2:29:50 PM
From: Jack Hartmann	Respond to of 6932

Sector Watch -- Gold The price of gold is taking its biggest beating in six years (-4.0%) as the Gold & Silver index (XAU -5.0%) crashed through its 50-day moving average (89.02) today. The last time this index penetrated its 50-day ma was on July 15 with a 4.5 % drop in price, although over the course of that following week the index recouped all of its losses as it rallied to new highs. In addition, note that the Amex Gold Bug Index (HUI -5.6%) is currently testing the support of its own 50-day moving average at 186.84. The XAU components seeing the largest losses today are: DROOY -8.3%, HMY -6.2%, GFI -5.8%, AU -5.7%, GG -5.6%, and KGC -5.5%. Not looking shiny there. Jack