Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (2337)	3/12/2001 7:44:27 AM
From: Gofer	Read Replies (1) of 74559

A friend of mine who was formerly a gold analyst and stockbroker had a long phone conversation this weekend. His cousin, a high-tech momentum investor, called him excitedly for information about how to "play" gold and energy. Several newspaper and web articles that I read on the weekend also tipped gold stocks and cash as the places to be. After 3 weeks of upward movement, I think gold stocks will continue their momentum. These momentum addicts haven't had a fix for quite a while now, and gold is the kind of aerie-faerie commodity they can get high on. The TSE Gold & Precious metals index: quote.canada-stockwatch.com On the downside, I also think the top will be pointy and the demand for jewelry is likely to decline, so buyers beware.

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