Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (26460)	9/4/1998 8:52:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Tippet; GOLDX could be a flash in the pan, you never know with that sector, there is a lot of what I call scared money looking for some place to go right now, but that may not last long. CYM has made a few strategic moves to cut cost and "share buy backs etc, which indicates her dividend is safe," and were oh where do you get 8% , well now 7% these days. The gold play is speculative, & you know how undependable that sector can be, so I've decided not to pick through it but let some one who focuses on it do the picking. All the Gold funds were up, and the XAU was up 12% yesterday, up almost 20% since this sell off started. Likely a flash in the pan if this market reverses but if this market and dollar goes on down gold is as good a long right now as any. Jim

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