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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: kimberley who wrote (22559)8/9/1999 10:16:00 PM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
Kimberley, i don't think drooy will awaken till the POG does, till then you should stick with the major xau golds and buy em at support and place your stops below resistance.

The major golds seem to have the same reality disconnect that most stocks do these days, when the crowd gets behind what it thinks is a bottom it pushes these guys up, even without a rally in gold, just like what happened before the BOE sale.

One of these days a bottom will be in, it could be now, nobody knows.

I love all these internutz lovers that poo poo golds because it's against their religion -g-, you can get nice low risk 5-50% swings in price in these guys.

bb



To: kimberley who wrote (22559)8/9/1999 10:20:00 PM
From: pater tenebrarum  Respond to of 99985
 
i recently bought a boatload of DROOY...right at the low i might add. hopefully it will remain THE low. DROOY is a marginal producer - if gold goes up,say, $50 or 60 it will be a ten-bagger from here.

hb



To: kimberley who wrote (22559)8/9/1999 10:22:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
oh yes, a word of caution: if gold falls further, or even stays where it is, DROOY will be bankrupt in a few years time...