Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LLCF who wrote (54112)	6/13/2000 12:06:00 AM
From: Hawkmoon	Read Replies (3) \| Respond to of 116762

hell I wouldn't be surprised ONE BIT to see gold stocks acting like .com over the ensuing sell off!!! David, the Nasdaq100, an index representing literally TRILLIONS in market cap was down over 30% (well into bear market territory). Yet gold stocks hardly moved, and neither did the POG. But what DID MOVE is the US DOLLAR. Now why is it that, in the midst of a major sell-off in the tech stocks, we see the US dollar reach new highs? futures.tradingcharts.com Could it have been because money flowed into money market funds, thus US dollars, instead of equities? And given that this money found its way back into the market and the dollar is consolidating back at its February-March levels, maybe we're just due of a 1/2 year or so of consolidation. And listen... I've seen some stocks trading down 75% off their highs recently, while at the same time we're seeing new highs being made in other stocks. It's called rotation and following the hot money where the analysts are pushing certain sectors and stocks. They'll then run these stocks up and take 'em down, while they shift money back to their previous hot stock sectors like B2B. It's a game and everyone knows it. And the goldbugs haven't been invited yet. Regards,