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To: MARK BARGER who wrote (3919)10/8/1998 10:22:00 AM
From: Lucretius  Read Replies (3) | Respond to of 14427
 
I'm showing the golds off slightly... just sit tight. the mkt has to figure out what we already know.

new trade... short the Utilities (or buy puts like me)



To: MARK BARGER who wrote (3919)10/8/1998 10:24:00 AM
From: Alias Shrugged  Respond to of 14427
 
XAU has been weak on the open on a number of days. Maybe it is short term or positional traders taking profits - buy on the rumor and sell your gold stocks on the bad news. But, XAU has recoverd and set new highs a number of times.

One possible source of help - which Gold stocks are in the S&P 500? As the market tanks and gold stays even or goes up, all indexers will be forced to buy gold shares.

Wild Week!

Mike


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