MDA - Market Direction Analysis 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.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

0.0%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (39122)	2/4/2000 4:03:00 PM
From: Crimson Ghost	Read Replies (1) of 99985

Heinz: Today's gold and gold stock explosion again shows how rapidly a market with such a huge short positiona as gold can move if something causes the shorts to panic. BTW, Tocquevill Gold Fund managr John Hathaway wrote an article about a week ago predicting a big gold rally soon. He predicted the last rally and was right on the money about this one too, His rationale was that gold mining companies were fundamentally reevaluating there hedging strategies and would soon start to cover a good portion of their hedges. He forecast a series of announcements later in the year after the hedges had been covered. With my portfolio up nicely today because of the gold explosion and the market looking overbought I again took a modest position in USPIX. This baby jumped 25% last week and was off about 30% this week as the NAZ took off. We shall see what the new week brings.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next