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

To: Richard Mazzarella who wrote (11580)	5/13/1998 8:50:00 AM
From: Alan Whirlwind	Respond to of 116834

You're right, Richard, Asia was slammed last night and I bet the Dow opens higher anyway. --Al

To: Richard Mazzarella who wrote (11580)	5/13/1998 8:55:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116834

I am watching the utility index as a leading indicator.. looks like us equities are theeee safe haven poor gold :<

To: Richard Mazzarella who wrote (11580)	5/13/1998 5:36:00 PM
From: Dan P	Read Replies (2) \| Respond to of 116834

Richard: I was very impressed with gold's action today, being down a good part of the day, at least several dollars, to wind up positive by $1.30 or so, on the NY June contract. This was very important, for gold needs to hold in here, and not deteriorate further, if this move is going to have any significance, other than a blip up, such as a meaningful countertrend rally. I am also impressed with the fact that stocks like Barrick have held their gains for the most part, holding above their 200 day moving averages, in face of the obvious fear of the gold bugs, doubting this rally, again. This suggests to me that the money going into these expects gold to move back up, which seems like a reasonable expectation. Also, we may have seen a washout on silver, today. Regards Dan