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

To: Enigma who wrote (47559)	1/27/2000 10:12:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 116759

this thread hs been a huge contrarian indicator in the past and i've never seen it so unanimously bearish and worried and don't forget Hutch.. last time he was talkin about new lows for gold was sept of 99 -nfg- i believe the phrase was "gold will be lucky to get above 250, and will never see 300 again" LOL... look for a double bottom in the XAU or a close above 60 to give a buy signal... we shall see...

To: Enigma who wrote (47559)	1/27/2000 1:52:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116759

The most recent Bullish Consensus on Gold, according to Market Vane, is in the low 40's. That's not bearish at all. It got down to the low teens before the second BOE Auction. Most of the Gold Threads I read are still bullish. Don't get me wrong. I think there are some real values out there in some of the gold mining stocks right now. Some of these stocks are easy doubles, perhaps 3 baggers, if you buy them here and hold them over the next 6 months or year. It's good to see them bounce here. Some of them have gotten really slaughtered. Their extremely over sold. But I don't see blood yet or a bottom. I see further downside. Retail investors have not capitulated. Their still calling for a Bull Market commencing every day of the week. Is that indicative of a bottom?