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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%4:00 PM EST

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To: long-gone who wrote (59857)10/17/2000 10:10:52 AM
From: Rarebird  Read Replies (2) of 116762
 
<Why, now, should anyone buy gold with the Euro headed lower in the shorter term?>

I didn't say that. But the Gold stocks are much closer to a buy than a sell here.

The whole point of investing is to buy low and sell high. It's true that the gold mining industry is in shambles here. But as gold stocks continue to head lower, people should think of buying rather than selling the survivors in the group.

Yes, there will be survivors in the group who will rally strongly someday.

I never understood why people become more bearish as prices fall and more bullish as prices surge?
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