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Strategies & Market Trends : Strictly: Drilling II
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To: Broken_Clock who wrote (25920)1/17/2003 3:34:59 PM
From: Crimson Ghost  Read Replies (3) of 36161
 
I have another view. Gold stock prices should logically be based on AVERAGE expected POG for the year. Now GATA and others projecting much higher POG are basing that projection on a major short squeeze. But inflated short squeeze quotations usually collapse once the shorts have covered.

So perhaps the poor gold stock action is telling us that POG will quickly plunge from whatever highs are reached during a possible short squeeze. POG may skyrocket at some point, but may not stay at those dizzying heights very long.
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