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 98.59

-2.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crimson Ghost who wrote (15111)	8/1/1998 11:16:00 AM
From: Giraffe	Read Replies (1) of 116759

>>Gold's horrible technical action and complete inability to rally on good news << What's so horrible about gold's technical action? As far as I can see its just slowly building a base. Its only horrible if you're looking for a quick return or you're holding junior golds. As for good news ... I can't recall much that's been strongly positive for gold over the past six months. Official inflation is low, production remains high and only the usual international confrontations. If the correction in the stock market continues we could see a further drop in the XAU as people sell their gold stocks to make margin calls. But its getting close to the time where we will have to see some movement to the upside or technically it will be horrible. If nothing happens in the next three or four weeks I'll start to get nervous. In the meantime, as Pierre Trudeau would say, the universe seems to be unfolding as it should.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next