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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (9613)5/21/2001 10:48:13 AM
From: cblranch  Read Replies (2) of 19633
 
Hi Tom,
Good luck on the DROOY. I have held it for some time and sold part of it at a loss some time ago. Risk/reward looks favorable to me since gold is still a cyclical commodity and a long term chart shows more upside than downside.(IMHO)
If OPEC would happen to start moving a small % of their cash flow into gold, that and the subsequent short covering that followed would have an explosive impact on the POG.
Thanks for ILA and HYGS,
Brad
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