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

To: long-gone who wrote (21320)	10/9/1998 9:09:00 PM
From: TLindt	Read Replies (1) \| Respond to of 116834

Here's a little more on whether to hedge or not to hedge...NEM vs. ABX. biz.yahoo.com

To: long-gone who wrote (21320)	10/9/1998 11:00:00 PM
From: Edmund Lee	Respond to of 116834

I just want to share some thoughts. Fundamentals for gold rally has not change a bit during the past week. The fact is that hedge fund had short yen and gold. It seems that they are covering their short in yen and somehow gold was put aside. Is it because those behind the funds has less control over yen and yet able to lend gold to the funds to cover their position. Further favourable news is that politically, Italy is the next in trouble. Technically, 50 day & 200 day moving average is going up after gold price break through the 200 day moving average in late September. This line had been test twice without breaking. Right now it is at $294.50 I would like to see the 50 day m.a. break through 200 day m.a. Then the action really begin.That's why I think we should not be too worried about the recent pull back. We shall see gold back on it up track soon.