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

To: austrieconomist who wrote (28137)	2/24/2004 1:42:26 PM
From: Tommaso	Read Replies (2) \| Respond to of 39344

Someone has finally noticed my chief gold holding, Dundee (DPM.TO). Up 16% today. There goes a lot of the discount! Didn't expect it to happen in one day.

To: austrieconomist who wrote (28137)	2/25/2004 10:36:47 AM
From: austrieconomist	Respond to of 39344

Grandich view (2/25/04 bulletin) on importance of $395-$415 band of price levels. Special Bulletin From Peter Grandich February 25, 2004 7:00AM EST As I’m about to celebrate 20 years in and around Wall Street, I want you to know that forecasting future movements in markets is at best, an educated guess. And on occasion, the likelihood of a move is very plain to see. I believe such is the case for the gold market. While it’s been evident that gold’s ups and downs have been directly tied to the rise and fall of the Euro, I believe the gold market has now clearly defined two points that many traders will take as aggressive buying or selling points. As you can see from the www.kitco.com chart below, gold has clearly drawn the $395 area as critical support and the $415 area as key resistance. A significant break below or above these levels are highly likely to bring in strong momentum selling or buying that can in a short to intermediate time frame, become self-fer-filling prophecies (selling will beget selling, buying will beget buying). I believe traders can simply sit on their hands until either side is taken out and then act accordingly. Breaking below $395 may also trigger another negative-producer selling. It has become politically incorrect to sell forward, but corporate management will likely find themselves debating has the gold market failed again to reach the stars and want to assure themselves of sufficient profits for the foreseeable future. A break above $415 should cause a ground swell of technical buying that can attract additional money flows, thereby causing new highs in the gold price, which brings with it all the media attention and investor interest. Yours truly believes the upside is the end result but after 20 years in the trenches and numerous scars and enough egg on my face to feed the world, I’ve learned to have an alternative plan if and when my rose-color glasses fog up. You should too! Mining Shares – While certain individual major mining plays can stand out on their own, the vast majority of majors will be directly impacted by the outcome explained above. Therefore, one can time their buy and sells to the key support and resistant levels noted above. Junior resource plays have not seen their second wind yet after last year’s incredible rally. I suspect they too will need a break above $415 before they can see gains overall as a group. I continue to believe that base-metal plays will outshine their precious metals counterparts until further notice. I will be at booth 2028A at PDAC on Sunday and Monday. Grandich Publications, Inc. provides research, analysis, and investor relation services for certain of the companies featured in the articles appearing in its publications (each a “Featured Company”). Featured Companies may pay fees to Grandich Publications, Inc. that may include securities-based compensation that would appreciate if the company’s stock price rises. Accordingly, there is an inherent conflict of interest involved that may influence our perspective and provide an incentive for publishing favorable information with regard to a Featured Company. The material herein is for informational purposes only and is not intended to, and does not constitute the rendering of investment advice or the solicitation or an offer to buy securities. The foregoing discussion contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “plan,” “confident that,” “believe,” “scheduled,” “expect,” or “intend to,” and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, future events and the financial performance of the Company which are inherently uncertain and actual events and/or results may differ materially. Third party statements contained herein and information contained in any source cited herein are not endorsed by or adopted by Grandich Publications, LLC, nor has their accuracy been verified by Grandich Publications, LLC.