SI
SI
discoversearch

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.
Strategies & Market Trends : The Millennium Crash
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bobby beara who wrote (3685)10/23/1998 11:27:00 AM
From: Rarebird  Read Replies (3) of 5676
 
Bobby, I am so bullish on Gold you have no idea. I've been accumulating a lot of shares of HM. My reasons:

1) LTCM will be the first in a series of hedge fund failures. Gold will represent a new vehicle of investment.
2) the XAU successfully retested and recaptured its long term triple bottom.
3) Major Bearish forecasts for gold mining shares. In point of fact, the precious metals are dirt cheap here.
4)substantial insider buying by the big boys of the gold mining companies.
5)the recent rally from XAU 47 to 87 was on very heavy volume from all-time depressed levels.

I think we are in a short term period of consolidation and retracement. Perhaps the XAU gets down to 68 and/or 63.5. But then I see a second major leg up.

Personally, I think the stock market is way over-valued by any standard.
We need to be patient here. Gold is going to sky rocket in 1999.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News