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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: Crimson Ghost who wrote (67990)4/20/2001 3:00:45 PM
From: Square_Dealings  Read Replies (2) of 116764
 
George,

Of course the brokers downgrade because they are short the stocks. There is absolutely no better time in the past 2 years to be positioned in gold stocks for many reasons.

I take the downgrades as a loud and clear buy signal.

My guess is COT will show substantial increase in commercial longs. There is no way the POG could have held up like it has without that being the case.

M.
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