Gold & Gold Stock Analysis Message Board

STOCKTALK

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 : Gold & Gold Stock Analysis

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TheBusDriver who wrote (163)	8/31/2003 10:03:40 AM
From: Little Joe	Read Replies (1) of 29622

"So the BIG question is which way do we go? What I suspect is going to happen (from what I see in the charts) is that POG will continue to rise and stocks will begin to underperform compared to gold. Somewhere around $400 we are going to get a correction. One is due." That is a distinct possibility. I was heavily invested in gold during the great bull of the 70's. I noticed that often minor corrections occurred when POG move up and stocks did not. Another good indicator is the gold coin market. When POG continued up but a huge spread developed between bid/ask and coin prices did not move commensurate with POG then a correction came and the ultimate top was likewise signalled that way. But be careful how you use this information. Often I will see a comment made about a one day divergence in price being bearish or bullish. Those are just static, it is persistent divergence that you need to watch. Good luck and I think if we all share our knowledge we will come out of this well. Little joe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next