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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (23872)	11/12/2003 12:00:47 PM
From: AreWeThereYet	Read Replies (2) \| Respond to of 39344

Not strange at all, Gold and general market has been in-sync for a few months now. PPT steps in, for sure they don't want to see 400 POG too soon for another shorts squeeze.

To: ChrisJP who wrote (23872)	11/12/2003 2:21:18 PM
From: Tommaso	Read Replies (1) \| Respond to of 39344

Been thinking about your observation. It may be that as the dollar sinks, various limit orders to buy, as measured in currencies of other countries, are hit. That can't keep up, but it might be a supporting factor for the short term. I hold a lot of Canadian stocks and the currency fluctuation (naturally) always affects my orders, in addition to whatever the stock may be doing on the Toronto exchange, since I have to put my order in as US currency. There must be net domestic selling of US stocks going on right now because of the incipient disnchantment with mutual funds. There have been huge withdrawals from Putnam, for example, and cash must be raised by selling stocks. When this foreign support dries up (according to my speculative theory) there could be a 1987-style crash.