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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Bull RidaH who wrote (35166)10/4/1999 7:59:00 PM
From: GROUND ZERO™  Read Replies (1) of 44573
 
I'd rather wait for a short at $350.00 I wouldn't go long because I'm not convinced it could even reach $350.00, but if we did see $350.00 that would be another shorting opportunity to me....IMHO

Sure, there's plenty of talk about how the Central banks are no longer going to sell gold... and there's talk about how Russia has no more gold to sell... but, I think the pendulum will swing quickly when the gold mining companies get greedy and begin to increase their mining and production to take advantage of the increased price... that will probably be the factor that drives gold back down to earth (ooopps, no pun intended).....<g>

My Best.

GZ
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