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Re: Ace Hanlon post# 8905

Friday, 07/26/2002 5:40:50 PM

Friday, July 26, 2002 5:40:50 PM

Post# of 704041
george, i am interested to hear of your foray back into gold.
i am waiting to see what happens with the dollar. i think it could run back to 108 and if it breaks that resistance, the 114
area is possible:
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$usd,uu[m,a]waclyyay[pb50!b200]....

several other caveats include the short term problem of
decreasing production and reserves at many mines. long term this is a positve as it should help the price of gold and
encourage those with cash to buy out juniors. another problem i have been reading about is the increasing costs of production. summer is also historically a weak seasonal period.
i welcome your input and hope zeev and others will direct more focus and analysis in this area. i am starting to trade
some of the stocks again after cashing out weeks ago, but only for a swing or trade until i feel more comfortable that some type of a bottom is forming.

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