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


To: Benkea who wrote (23293)8/18/1999 1:57:00 PM
From: Fun-da-Mental#1  Respond to of 99985
 
"miners have not made new lows" -yeah, well they sure haven't made new highs either. It's just that the majors are somewhat insulated by hedging.

Fun-da-Mental



To: Benkea who wrote (23293)8/18/1999 2:07:00 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
"Three times previously this year gold has run up 10-20 dollars over a few weeks and then hit new lows in the next few days. Don't be fooled!"

Good points...

We are still in a deflationary environment which is bad for hard assets... The only change is that mining companies have lowered the cost of extracting gold/silver... As such, they can be profitable at today's lower metal's prices...

Jim