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To: John Pitera who wrote (40179)	5/10/1999 10:16:00 PM
From: IceShark	Respond to of 86076

I know, and don't want them to lose either. But facts are facts. luc thinks going into the teeth of this concerted effort is wise and a bottom action. I'd like easier targets than that. Of course, WTFDIK?

To: John Pitera who wrote (40179)	5/10/1999 10:32:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 86076

well, all I know is ASA broke thru its 4 year downtrend line and now has retested it from the topside... that is bullish. the Aussie dollar and Canadian dollars are both crashing up against the dollar after putting a major bottom and those currencies lead the POG.... that is bullish. the entire planet has lowered s-t interest rates while their L-T rates are soaring.... that is inflationary and precisely where gold shines... that is bullish. I do not rule out the POG putting in a bottom similar to the one PAAS did (on the converse side the DOW has put in a top w/ the same formation), but I am not so sure the shares will act that way. while derivatives, etc may hold down the POG, if the dollar continues to drop, gold mining shares WILL rise to discount the eventual rise in the POG. The dollar cannot fall w/out the gold price rising.. PERIOD. So unless you think the dollar is prepping to soar to new highs.... you need to rethink your thesis. a soaring dollar would also give us higher stock prices and lower bond yields... if that is your call.. fine. If not.. you have problems in your prediction. It seems that everyone on this board and in the media and in the analyst community agrees w/ you that gold and its shares are headed much lower so you guys must be right (G) BUT, funny thing is the shares themselves aren't saying that and they lead the metal. that is the last I will say on this subject... everyone can do as they please.... i won't say another word about gold or its shares....