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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (76844)3/7/2001 7:35:41 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
yes, the action has been extremely encouraging. note btw, that the '93 bull run began in a very similar manner: the gap between the Rand gold price and the JGOL widened to a new extreme, and then the index began rallying from roughly the same level as recently while pessimism was really rife. i still remember a JSE broker calling me nuts for buying gold stocks...and trying to hawk some industrials to me instead. after the initial rally, a common refrain was 'it can't continue, because the dollar gold price isn't rallying and the shares are discounting such-and-such a price already'. the VERY SAME THING was said last week by a Jo'burg gold analyst...
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