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Strategies & Market Trends : Strictly: Drilling II
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To: SliderOnTheBlack who wrote (2066)9/24/2001 3:54:41 PM
From: Art Bechhoefer  Read Replies (4) of 36161
 
>>how do you explain the cold harsh reality of this 52 week chart<<

As I noted in an earlier post, I think the price of gold shares reflects panic buying. That is, the upward movement of the price curve becomes a self fulfilling prophecy and does not relate to substantial changes in demand, either for jewelry or for settling international accounts, which are the two most prevalent uses for gold.

Art
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