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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: t2 who wrote (74533)	8/6/2001 5:29:20 PM
From: Square_Dealings	Read Replies (3) of 116846

"Gold stocks look to be a good hedge at this point especially since real estate prices have not dropped. If the economy does not pick up, it would be a pretty reasonable bet that real estate crumbles." Since your new to gold here are some helpful rules; 1. Gold always goes down, it goes down in a good economy and it goes down in a bad economy. 2. Some weeks gold moves with the US$ and sometimes it moves in opposite direction, but 90% of the time its moving down regardless. 3. The best indicator for when gold will move up by .50 - $1.00 (huge move for gold -g-) is when the shorts come out on all the message boards bragging about how they shorted 10,000 shares of NEM 4. A huge crash day in gold is about - 3 to 5% down on the POG or mining stocks. Gold traders think that a 5% down move is equivalent to CSCO going from 75 to 20. 5. Anyone that believes gold prices might go up in the future is referred to as a "Gold Bug", or a fanatic. So if you are bullish on gold its best not to tell anyone. <VBG> M.

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