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

To: Jim McMannis who wrote (10899)	4/29/1998 7:21:00 AM
From: long-gone	Respond to of 116778

Jim, You know I don't give advise, but that is the way I'm betting - or close anyway. I guessing (and that is all it is - just a guess) that we will see the XAU mostly up with days of mostly flat POG. What I'm guessing (that word again) is we will see on those days where the POG is mostly unchanged overall are some BIG spikes. This means someone is buying gold - all at once hard then steping back to the sidelines. Did you note, that was what we saw in the moves of silver from 4.30 range to 5.40 range. That was the Buffy effect. Someone (Buffy)was stepping up & buying hard. The same thing has been happening with gold. No one wants gold to move until they have gotten all the gold they want & sold all their dog equities. Our best way to get rich - or just make it - is to be there first, hold till the existing rich want in. I screwed up quite a while back listened to CNBC and sold a great position in a utility - after an analyst (& my broker) said that it was a dead sector. Yes, almost no movement after they broke the news of of a merger. I cought a day with a $2.00 bounce & sold @ 30. Kick me in the butt for listening to them! In 4 months that was the hot sector, I missed an $6.30 additional move - on 2800 shares! rh