SI
SI
discoversearch

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 : DROOY Durban Deep- Best S. African Mine

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Outer-limits who wrote (744)7/15/2002 8:02:52 PM
From: Cola Can  Read Replies (1) of 851
 
What are your thoughts on this??

The PPT Plunge Protection Team. The whole market is
being manipulated right now to keep it from crashing.
This isn't a bear market, its a crooks market. Shorts
are being taken to the cleaners and longs are becoming
bag holders. The government is focusing everyone's
attention on cooking the books, but the gov's own actions
are costing the average investor money. The XAU broke
out, so did GFI and DROOY. Yet, by the end of the day,
all the gold stocks were worse off. Gold is being
manipulated in order to keep it down too.

By the XAU not selling off right after it ran up, I figured
smart money was moving it. But they may have sold gold
stocks to buy NYSE stocks, since they tanked today. If the
markets would have stayed open another 15 minutes, I do
believe it would have closed in the green. This isn't
a fair market by any means. Its getting to were you can't
trust TA anymore.

Plus this is options week and they'll pump all stocks up
so options will expire worthless. Many people will get
wiped out before the markets stop falling. The government
keeps preaching recovery and CNBC keeps preaching "bottom"
and people buy, only to see themselves upside down soon
after.

I really don't know what gold is going to do. Gold needs
to trade over 322.25 to breakout. They ran gold down right
before the markets closed. Next week should tell the tale
about gold.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext