Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Benes who wrote (72318)	6/25/2001 1:33:35 PM
From: Rarebird	Read Replies (2) of 116753

Ken, life is change. If I applied your critique of ABX to all those high tech companies trading on Nasdaq that have seen their shares drop 90% with the Insiders still selling like wildfire today, I'd be ranting and raving against the Insider selling if I was a shareholder who bought one of those high tech companies in March 2000. Why not give credit where credit is due? ABX did not create the Bear Market in Gold. ABX was wise enough to forsee the longevity of the Gold Bear and they hedged to cushion the downturn somewhat for its shareholders. Why be bullish when the fundamentals don't warrant it? Why should the Insiders at Intel, for instance, buy shares on the open market when there is a tremendous oversupply of chips out there and demand is very weak? I see the ABX acquisition of HM as an indicator that ABX sees the end of the Gold Bear and a potential steep drop in the value of the U.S. Dollar coming. That is to say, I think ABX is positioning itself accordingly here for the next bull market in Gold.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next