At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Ray Hughes who wrote (1278)	6/25/1998 2:30:00 PM
From: Bill Murphy	Read Replies (1) of 1911

Ray, Thanks for the insight into your background. Very interesting. And, yes, especially in today's even more "what have you done for me lately" attitude of investors and management, longer term types of analysis does not bring home the bacon for portfolio managers. Momentum is king at the moment. My bet is that we will have changes back to where value investing and contrarian thinking paid off. Today it lays you off. That may occur when the stock market bubble blows up and momentum traders are all caught the wrong way. In that regard, I feel the gold steamroller engines are purring and the surprise will be the up move in gold. The Lonely Bull, Tiajuana Bill

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