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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Don craig who wrote (10734)	4/27/1998 12:17:00 AM
From: PaulM	Read Replies (2) \| Respond to of 116791

Hi. It's down forty cents in Hong Kong. Re: POG, my crystal ball says nothing about the short term. Like many on this thread, I follow gold because I believe we've entered a long term precious metals bull. Like, say, the early 70's. And that Gold put in its long term bottom in January. Good Luck. P.S. Asia is taking a bath.

To: Don craig who wrote (10734)	4/27/1998 12:23:00 AM
From: robert e. contois	Read Replies (2) \| Respond to of 116791

Don:Try this site.Hope it helps. dbc.com

To: Don craig who wrote (10734)	4/28/1998 12:04:00 AM
From: Greg Ford	Respond to of 116791

Don, clearly the resistance on the upside is $315. This level has been met by resistance on at least 2 or 3 occasions in the last week. On the downside there is support all the way down to $308. If this level is breached then it is down to the 302 or $303 range. There are many factors at work right now. The market, read COMEX, is net long as was noted in the last Commitments of Traders release. Presumably the OTC market is neutral to long. Aussie dollar gold is close to 18 month highs so there may be selling interest by producers at these levels. Physical demand although good is not great at this time of year notwithstanding Indian wedding season. The market looks like it wants to go lower before resuming an upward move. Options expire tomorrow on COMEX. The trend after options expiry has generally been for gold to initially trade lower. There are also expectations built in regarding the amount of gold to be held by the EMU. This information may not be known for several months. Hope this helps. Greg