Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: SliderOnTheBlack who wrote (62493)	1/5/2001 3:27:16 PM
From: Crimson Ghost	Read Replies (1) of 116762

Slide: Gold does indeed have huge upside potential. But whether or not that upside will ever be realized is a crap shoot in my judgement. My most basic critereon in analyzing the technical health of ANY market is response to news. To put it plainly a market that cannot (for whatever reason) respond to good news is destined to go lower. And I have never seen a market that has refused to respond to good news for as long as gold. GATA'a argument that NOTHING will move the gold price in a big way until and unless the manipulators lose control looks to be the correct one. An investment in gold or gold stocks is a bet that the "boys" will someday lose control. Nothing more and nothing less.

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