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Gold/Mining/Energy : Gold Price Monitor
GDXJ 145.00+2.0%Jan 23 4:00 PM EST

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To: goldsheet who wrote (91046)11/10/2002 9:37:39 PM
From: goldsheet  Read Replies (1) of 116912
 
The last thing goldbugs want to hear
(review of New Orleans Gold Show, by Tim Wood)

"Old hopefuls rejoining diehard goldbugs does not portend a widespread revival in gold investment, but rather lemming-like behaviour says an options boffin"

"Indeed, a gentleman sitting next to me during the Gata briefing on opening night hissed: “These fools have been calling $800 gold for a decade.” It’s not an isolated or overstated point. Goldbugs have been horrendous at calling the next upturn and few are willing to concede that the present good fortune of a $50 per ounce increase is anything but a fluke; that old adage about broken clocks being right twice a day."

FULL: mips1.net
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