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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: Hawkmoon who wrote (49684)2/27/2000 12:43:00 PM
From: goldsnow  Read Replies (1) of 116764
 
You got a very wrong strategy...For a simple reason, you have been indoctrinated by buy on dips doctrine...No one knows whether sell-off is the start of the very unpleasant things to come....but Market does not think in the same terms as Ron, "stocks are sold so Ron can grab a quick dollar"....As for Gold/Mining shares....You have choosen to ignore all signs that lead to the new bull cycle..Most important-sentiment should be at the bottom...(Remember Pharmaceutical before Hillary Clinton's health debacle-that was bottom)..Than you ignore EU Gold statement, collapse of Hedging...., collapse of exploration...and Finally you ignore the most obvious Market correctly forecasted No Inflation/Boom on the way up, so it does on the way down...Oil is $30, not $10 for a very good reason...Consumption, rather rise in consumption in Asia is so strong, that you got to be buying Gold just out of the curiosity, otherwise you end-up with no place to put your money, but Banks..(that is CD's)<G>
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