Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: BSGrinder who wrote (25933)	1/17/2003 4:28:56 PM
From: ItsAllCyclical	Read Replies (2) of 36161

I tend to agree with your views on the disparity on gold vs gold shares. Hence why I added to my positions today. I don't see this disparity lasting much longer. Either the shares gain nicely in the upcoming weeks or gold corrects back to the mid 340's or lower. Not sure what the catalyst will be to bring more investors into the gold market, but it would appear that we're suffering not so much from selling as lack of new buyers. Slider has commented on this in the past w/respect to both gold and oil. Currently we only have the "true believers". I'm seeing a few new buyers on other threads, but I don't get the sense that non-gold mutual funds are increasing their positions in any significant way. It may be because that most of the stocks liquid enough for the big mutual funds have done relatively poor (NEM, ABX, PDG) that there is less excitement from non-gold bugs. As you can tell I'm having a hard time understanding the disparity.

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