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


To: Enigma who wrote (51488)4/14/2000 7:37:00 PM
From: Rarebird  Read Replies (1) | Respond to of 116766
 
Yes, it is a bear market. There has been a bearmarket in old economy stocks for 2 years as constituted by the A/D line since April 98. Now the Bear has passed to the new era stocks. Margin calls and over leveragedness has made the situation worse. I see another LTCM coming out soon.
The gold stocks performed beautifully today. I'm quite impressed. Aren't they suppose to crash with the rest of the market? <ggg> The real test will be, however, next week when the NDX most likely bounces. I'd like to see the gold stocks keep their gains and rally further.