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 : Precious and Base Metal Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jrhana who wrote (12665)6/18/2003 5:38:23 PM
From: jimsioi  Read Replies (3) of 39344
 
jrhana, reality check

Gold miners have a reality check, the weighty price of GOLD. Chinese shares aren't bothered by such. They are internet speculations, gambles of the first order, generally. Thanks for the web board reference....I'll check out more of these issues.

I sold out a position in CHN, the Chinese equity closed end fund, today, which has recently done well....hoping for a cost basis reduction buy back. Also long the Thailand fund, TTF.....it also is popping on economic revival expectations for SE Asia..

I don't expect gold miners to mirror the action in Chinese issues any time soon. And frankly I hope they don't. Chinese speculations move on money flows prompted by expectations of good economic times. Things would really have to be bad for gold miners to loose such touch with reality.

Explosion for here in the HUI...??? Grind higher would be my expectation with the more than the occasional shake down of the over optimistic speculative crowd by the better financed and clearly dangerous commercials. Miners did well today not to fall harder on that miserable set back in Gold and Silver.....Miners are already discounting a break through $365 which hasn't come....I get really nervous when GOLD is underperforming the miners.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News