Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

STOCKTALK

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.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John D. White who wrote ()	9/27/1999 7:03:00 PM
From: Gator	Read Replies (1) of 48092

Wade, That position in PDG at 10 5/8, is finally starting to look better :> >> Here's a little from today's DD News Letter: >> GOLD STOCKS: It might still be early, but gold is showing some abnormal signs of life. If this rally manages to continue, it is a good idea to have some ideas lying around in case a person wishes to take the plunge into the sector. Our senior analyst friend (008 in London at our website) passed along the following comments and options this morning. He has been bullish for the past couple weeks and so far bang on when calling the current direction of gold. Still risky none-the-less but at least these provide a starting point for anyone interested. Danny, Gold has had the big buy signal - the central banks have agreed to limit selling into the market and basically the hedge funds are finished - this kind of volatility completely stuffs the idea of using gold as a carry trade bank to fund their various dodgy punts. To demonstrate this one month volatility for forward gold has risen from 10% to 26%. This will cause havoc among the derivative traders who have been borrowing gold or selling options on it - they now have to cover! >> Later...Gator

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next