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

To: pater tenebrarum who wrote (27473)	9/27/1999 3:51:00 PM
From: Robert Rose	Respond to of 99985

To: pater tenebrarum who wrote (27473)	9/27/1999 3:53:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 99985

congratulations today, heinz. thread seems quite quiet, given so many developments. As do you. Regards, Rob

To: pater tenebrarum who wrote (27473)	9/27/1999 3:58:00 PM
From: Mike Learner	Read Replies (3) \| Respond to of 99985

Heinz, BB, Benka: Great call on GOLD. It is fun now. Regards, ML

To: pater tenebrarum who wrote (27473)	9/27/1999 4:39:00 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 99985

Heinz, not to be contrary, but I don't think that makes sense. If that was the main factor driving gold stocks then some stocks should be moving up a lot now while others stand still. Instead what I see is most of the big gold miners moving up 20-30%. For example most of Barrick's production is pre-sold for years at $300/oz or more, so a move up to $270 will not impact their bottom line, yet their stock went up about 20% today. I think the explanation is a combination of (a) safe-haven buying, (b) the perception of a turnaround in the long-term trend for gold prices, and (c) jumping on the sector-rotation bandwagon. Fun-da-Mental