SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Welcome to Slider's Dugout

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SliderOnTheBlack who wrote (106)6/28/2005 4:03:16 PM
From: SliderOnTheBlack  Read Replies (3) of 50418
 
...... one other thought on the Price of Gold.

Gold is only 5.63% off it's its Cycle Highs here.

That is the same percentage change as Crude Oil would have in retracing to $56ish from it's high of $60.

...that should put the Gold Cycle into perspective, or at least the incredible value divergence between the underlying commodity/metal and the stocks.

I honestly can not recall... a single commodity oriented sector, to where there has been such a Valuation Divergence between the underlying stocks and the commodity, nor such a neutral to bearish level of sentiment...when the Commodity is only 5% off of it's Cycle Highs...let alone when the underlying fundamentals supporting and driving the Commodity are as strong, if not stronger than they've ever been during the entire cycle !?!?!?

...that = OPPORTUNITY & Value divergence that Traders ought not to try to out-think, or try to out-trade...as that Wake Up Call Headline of - "GOLD HITS NEW HIGHS" looms ever close.

PS: ...per prior post... make that the "2nd Quarter" - not the first...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext