Silicon Investor (SI) -- The First Internet Community

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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (47629)	7/9/1999 7:03:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Doug: One of the best gold traders I follow who has been bearish for a long time thinks we will make a major bottom in the $250 area this month. He then expects a huge rally north of $300 by fall. The problem here is that gold stocks are very expensive relative to gold itself st this point. So there could be a final bloodbath in gold stocks before a major rally develops. XAU (gold stock index) is still 20% above the 9/98 low, even though gold bullion has fallen well below its 9/98 trough.