Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Swami who wrote (21883)	9/28/1999 5:10:00 PM
From: the Chief	Read Replies (3) of 62347

Hi Swami. ABX closed down even though gold was up considerably to $307!!! perhaps means bets are that gold rally is unsustainable? I think it may have more to do with the fact that ABZ approached 38.00 today, only $4.50 off of its 4 year high. $42.50 was attained in a time when gold was expected to hit $500.00US per ounce. So I think all these gold stocks have gotten way ahead of the actual price of gold. ABX/PDG/K are all priced for $370.00 gold right now, even though they have reduced operating costs substantially.(IMHO) Almost makes one think it might be a good short tomorrow. Just a snapshot from someone that has been away from the market for a few months. Not someone that has stayed "atuned" to the market. Once gold turns back, which I believe it will, watch our little Inut buddies like MCF move.....we'll see!!!! the Chief DISCLAIMER I have been wrong many many times, donot assume for a moment I have a cluck, of which I speak!!<ggg>

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