Newmont Mining(NEM) & Newmont Gold(NGC) Message Board

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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: Broken_Clock who wrote (410)	6/3/2000 7:34:00 PM
From: ahhaha	Read Replies (1) of 587

You can't trade the price of money. Gold is the most difficult of all things to trade in any environment. The reason is that the basis of all valuation is gold and it must fluctuate randomly, because it doesn't have anything but itself against which to fluctuate. That means gold price walks the random path. It can trend, but the fluctuations on the trend are perfectly insidious. You always get shaken out. If you can make TA work in anything, you're unique, since it is worse than useless. I know no one can make it work because it won't work mathematically just like gambling in Beggas won't work. Never believe anyone who disagrees with that. You won't find the successful investors on the Street disagreeing. While you hold gold stocks the worthless ones buy industrial stocks and they clean up while you gold drags because a hunk of metal does not generate future creative activity. Gold has a good chance to make a run until 11/01. Then you have to dump it and probably never come back. The way to play is to hold one of these dogs like NEM and ignore everything until 11/01. I don't recommend that you do that.

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