Silver prices Message Board

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Gold/Mining/Energy : Silver prices

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To: kimberley who wrote (497)	2/2/1998 10:28:00 PM
From: TD	Read Replies (1) of 8010

IMO having follolwed the metals for years, the xau and metal stocks usually lead the metal, so if mining stocks are moving down while metal is moving up it MAY indicate a change of direction. When the XAU moves up in points 2x the gold price in dollars we have a full fledged bull market! So far Xau is moving up about 1/2 the price of gold indicating that the move is not trusted at this stage. Being a contrarian this is probably good. Personally, think the move in silver is real this time and once the metal moves above seven and holds it above 7 for three weeks... look out the metals stocks will catch up and probably overrun! Regardless, hang in there the silver market is going to go bonkers in the next three years or so, with Y2K and the comming currecny crisis is it a good hold for the next few years.

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