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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (39065)8/15/1999 9:13:00 PM
From: Edmund Lee  Respond to of 117044
 
< We are currently on a sell signal for gold, silver and the precious metals stocks.>
based on the fact that
(1) gold at 20 years low
(2) gold price is at or below production cost in general.
(3) Y2K crisis is coming
(4) gold is heavily shorted.
What kind of bull shit is this? All thought I don't expect POG to rise sharply in near term but to advice investors to sell PM stock at this price level is nuts. Many mining company are cutting cost and are able to profit through hedging for years to coming.