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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (56828)	8/17/1999 4:52:00 PM
From: MythMan	Respond to of 86076

I bet the stock car wins. It always wins. -ng-

To: Terry Whitman who wrote (56828)	8/17/1999 5:16:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

i suppose that the change of heart at Goldman Sachs w/regards to gold can be taken as a very good sign. they are privy to a lot more information than we are and when they start upgrading gold stocks and buying boatloads of bullion i guess it means we have a good chance for an intermediate term bottom to be in. the decline in the POG after the BOE announcement had all the hallmarks of the panic selling one likes to see when an important bottom is made. bullish consensus on gold was extremely low for months on end and there is still a sizeable short position out there that awaits covering. at the very least guarded optimism is called for. btw, w/regards to '87, gold stocks did rise sharply that year, but got killed in the crash along with everything else. not so in '29, when gold stocks were the only financial asset that performed well during the crash and the subsequent bear market.