Gold Price Monitor 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 Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (9368)	4/5/1998 3:19:00 PM
From: Richard Mazzarella	Read Replies (2) of 116790

Bobby, <<vertical corrective wave of at least 50%>> I don't necessarily agree. I would agree if it were not for the fundamentals that could move money into the safe harbor of precious metals. It may not even take a market meltdown. The precious metal market has been depressed for 10 years. That potential energy must eventually be satisfied IMO. People have doubled their money in less than 4 years in the current stock market. There should be some desire to shelter some of those gains in secure financial resources. Will everyone just trust paper? IMO when the "value" for investing in precious metals is discovered by the market herd, watch out. IMO corrections will only occur at much higher levels of XAU. The current Barron's index/POG is holding steady in the buy range.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next