PHILADELPHIA GOLD AND SILVER INDEX: XAU

STOCKTALK

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Gold/Mining/Energy
PHILADELPHIA GOLD AND SILVER INDEX: XAU

An SI Board Since October 1996

Posts	SubjectMarks	Bans
28	0	0

Emcee: Dan P	Type: Unmoderated

Introduction Compact

On Oct 13 I posted a note that one of the indices I follow flashed
a major, long-term buy signal on this index. So far, on a short
term basis, the index has hung in there, and begun to rise over the
past 3 days, to 119.25, yesterday. That was on a day that gold
in NY finished down 20 cents. Gold itself has apparently put in a
bottom, and looks fairly strong. A few more days of positive movement
will make this look like a valid assumption.
I don't own any majors at the moment, but I suppose one could
look at a few including Santa Fe (gold), Placer Dome (pdg), and others
that have corrected substantially. Santa Fe is around 12.625, with a
recent high of 18, and certainly a 50 % move from these levels is
reasonable to expect, provided we have a decent rise in the price of
gold. I don't expect, and we don't need a huge move from gold.
A price rise of $10 or more would really turn this market around.

Regards

Dan P

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
28	Dan, Did you see the inverted head-and-shoulder of XAU chart? We are approachin	Wade	-	9/25/1997
27	Wade: Gold was up $2.50 today, and a very significant move! After the initia	Dan P	-	3/19/1997
26	Dan, Gold is firming again. The US dollar took a hit and gold rebounded today.	Wade	-	3/18/1997
25	Hi Brent, I enjoyed the ride as well. Invesco Strategy gold (FGLDX) holds mainl	Wade	-	3/1/1997
24	Wade, I too am playing the juniors with Invesco Strategic Gold Fund. I did very	brent hyatt	-	2/28/1997
23	Dan, Yes, they are high in cost. But, many of them make real money and paying n	Wade	-	2/24/1997
22	Wade: You may well be right about the possibility that the U.S. has taken on a	Dan P	-	2/24/1997
21	Dan, At first, I was puzzled about the reason why the SA stock suddenly became	Wade	-	2/22/1997
20	Wade: Thaks for re-awakening this sleeping thread and Good to hear from you. M	Dan P	-	2/22/1997
19	Hi Dan, The POG and XAU finally bottomed. My senior and S. A. golds are doing w	Wade	-	2/21/1997
18	Yea except you have to weigh in the fact that gold has been like the Denver Bro	FilerBill	-	1/13/1997
17	Kenith and friends on this forum: while we have been bemoaning the precipitous	Dan P	-	1/10/1997
16	Hi Daniel, I suspect the recent weakly on Au is most likely to be forward se	Kenith Lee	-	12/4/1996
15	KL: Interesting day today. Bullion was up 3 bucks in London, and was up in NY	Dan P	-	12/4/1996
14	Hi Daniel, I am well aware of the ABX/XAU while the others are not doing wel	Kenith Lee	-	12/1/1996
13	people are disregarding her sell signal since this is her second one.. from wha	Bobby Yellin	-	11/30/1996
12	Ken: The ABX deal may have a lot to do with the XAU holding up as well as it h	Dan P	-	11/30/1996
11	Hi FilerBill, From my personal recollections, only for the first couple of h	Kenith Lee	-	11/30/1996
10	Does the gold index usaully go up when the market DJ sells off?	FilerBill	-	11/30/1996
9	As long as IBM is undervalued...I am still bullish on the market.. how is that.	Bobby Yellin	-	11/17/1996
8	Bobby and All: On the weekly chart, the XAU is still on a buy, and there appea	Dan P	-	11/17/1996
7	techstocks.com join the discussion.. I am an advocate of big blocks...showing wh	Bobby Yellin	-	11/14/1996
6	Bobby: The XAU has moved up sharply, and gold bullion has also moved through a	Dan P	-	11/14/1996
5	I asked the question about the majors versus juniors and Ron Pitts gave me the	Bobby Yellin	-	10/25/1996
4	Bobby: The timing on this indicator is uncertain, because it is long term b	Dan P	-	10/25/1996

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