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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Andrew who wrote (56356)7/31/2002 1:11:55 PM
From: the Chief  Read Replies (1) of 62347
 
gold stocks move ahead of the gold price

That is true Andrew, I am aware of that. However, what is different here is a 20-25% premium is paid for gold stocks when it is "assumed" gold will rise. It very rarely happens however, at a crucial physcological level which $300 represents. Normally a 20-25% premium is paid when gold is sitiing far from either support or physcological levels.

If I were a betting person....I wouldn't bet against Greenspan. I hate forcasts but mine is that demand is weak for gold, the dollar interim trend is for continuing support to a slow rise and we will ralley inthe DOW and Nasdaq ........all while hovering at the self imposed physco line of $300

So at the present this doesn't make sense to me. K should be at 2.22 with a slight premium on a bet bringing it to 2.40......not much more.

I actually do very well playing golds...but the last time I did it was in the "Busang like structure days".....now there's a scary sentence from the past!
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