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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.04-1.4%Nov 17 4:00 PM EST

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To: unregmarket who wrote (66453)3/23/2001 9:18:51 AM
From: Rarebird  Read Replies (1) of 116762
 
The gold miners do very well in periods of deflation where their input costs are lowered dramatically. Profit margins surge as a result. Many of these gold mining stocks have become quite lean and mean and their earnings last quarter showed surprises to the upside in spite of the low POG. The rise in the shares have been the result of an improved bottom line and not the result of any fear mongering by Bears or "Gold Bugs."

Believe it or not, gold mining stocks do rise with the broad market sometimes, especially during bear market rallies. When that happens, it is often a bullish signal....
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