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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Zardoz who wrote (74765)	8/10/2001 12:42:25 PM
From: SliderOnTheBlack	Read Replies (1) of 116763

HUTCH... a simple question ? Gold has NOT been in a 20 year downtrend, not unless you use imbecilic trendlines drawn from the anamolus bubble top of $800 in 1980 and whilst you've been called many things here - I don't think you're an imbecile (VBG). ... so, if we can get the rest of this thread to stipulate to that; here's my question: Given that Gold in "reality" has traded in a fairly steady 15 year banded trading range of $300-$400 for the most part: 1985 to present London fix chart: kitco.com ... and given the reality of the returns of gold stocks vs the broad market since last fall: siliconinvestor.com ...I'd be curious as to why you haven't done what any good trader would do & that's reverse directions (if you've been a LT short on gold) & seize opportunity in the other direction ? Given the reality of the Catch-22 situation with the US Dollar; I can't recall more positive scenario for the rise in gold in the last 15 years ? ...so why so negative ? Who's zoomin' who ? ;)

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