cales investments inc member nasd sipc september 30 2004 bull market in gold should continue now last week began with a thud and ended bang after loosing some 7 points on monday the s&p 500 spent rest of climbing to 1 9 percent gain hitting its highest levels since june dow jones industrial average was not far behind 5 while nasdasq outpaced all other indices 3 slightly improved economic data general skepsis about fundamental justification rising stock prices as well expectation that end quarter mark up games by professionals would soon reverse kept too many people out until friday then s start year obviously caused performance anxiety among big money managers who for most part had middling lousy have bring been missing so everybody started buy opened stocks measured philadelphia & silver index xau outperformed again