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 97.68

+5.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rarebird who wrote (47439)	1/25/2000 7:33:00 AM
From: Richard Mazzarella	Read Replies (2) of 116753

Rarebird, I think your interpretation of the lagging XAU vs. POG as bad for POG flawed. First let's throw away the charts. Let's consider the fundamentals. 1. There have been many false starts with POG. 2. XAU is leveraged to POG. 3. XAU are miners. 4. Miners are heavily hedged. 5. Gold inventory is constantly threaten to the gold market. 6. Past gold buying signals and forecasting fail regularly. Based on simple observation one may conclude that it rains because people open umbrellas. I would suggest that the XAU will lag POG until the market is convinced that it should be otherwise. JMHO

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next