Gold Price Monitor 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 : Gold Price Monitor

GDXJ 98.04

+0.4%

Nov 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tunica Albuginea who wrote (42732)	10/12/1999 7:25:00 AM
From: Lightning	Read Replies (3) of 116754

To all: XAU may have had a good move yesterday because the masses read in Barron's over the weekend that they could have made 40% in gold mining stocks in a month and the stuff they own went nowhere in the third quarter. So the Johnny-come-latelies put in buy orders for BGEIX, FGLDX, GOLDX, USERX, etc. Lo and behold, the fund managers don't like to sit on cash, so they bought some gold mining shares. Would-be-sellers also got greedy, so on the margin, the price of these stocks went up. Stochastics still indicate that XAU and POG are over-bought, so I wouldn't read too much into a one day move.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next