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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (89067)	1/11/2004 3:18:41 PM
From: nspolar	Read Replies (1) \| Respond to of 209892

mc, yes I've done my analysis, I've given several references over the last few months as well. What is most important for Drooy and other SA golds is the price of gold in Rand, although some including Drooy have taken steps to mitigate that, via purchase of assets in other countries. A few US/Canadien companies have had the problem in reverse, but to a lesser degree. These companies I am referring to own assets in SA. BGO is actually one of these, but its Kupol and other potential ventures totally overwhelmed their SA forays. There are a bunch of charts here, but some are not available at the moment. gold-eagle.com gold-eagle.com Here are a few more, and you can see gold went up in rand, recently. kitco.com The Rand may have peaked, and imo may turn into a very weak currency before end of ' 04. It if does gold in Rand will zoom. stockcharts.com[l,a]wallyiay[df][pb50!b200][vc60][iUb12!La12,26,9]&pref=G It is the fundamentals that drive these issues, the TA timing varies, but the equities continue to lead the currency/gold relationships so it seems. An approach is to keep the lead/lag possibility of the equities in mind, about the possible changes going on with the currency/gold issues. I'm sure most of you remember Heinz Blasnik. I believe I have this correct ... he is quite high on Drooy also, and posts over on Kitco as trotsky. Message 19655551 We do not communicate, but both of us have been pounding the Drooy table for some weeks, for the same reasons. Fwiw I think Drooy not far from a ii correction, likely targets 4.4 to 4.8. Hard to predict, but I don't see how it makes it through 4.8 w/o a significant correction.