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.

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

To: Haim R. Branisteanu who wrote (55633)	6/28/2000 5:26:00 PM
From: Tunica Albuginea	Respond to of 99985

OT Haim I've been following gold stocks NEM,GOLD,ABX.PD,HM, off and on for a while since their big break up last fall; NEM from 15 to 30. However they've been bobbing up and down since and NEM has not broken new ground. I have day traded NEM in the 19.5 to 28 range off and on since then. I would not short gold. To go long however I think we need to start seeing some more evidence that inflation has taken roots, like crab grass, before gold can move up further. As you know, inflation now is dead . Steinberg at Merrill and Larry the Kudlow say so. ( Parenthetically, I find it interesting that when inflation was theoretically lower 2-4 years ago, Merrill's chief analyst was Chuck Clough a firm believer that inflation was around the corner and single handedly kept MER customers away from the Tech Irrational Exuberance gains of 1995 - 1996. So MER got the message and thoughtfully canned the guy and hired Steinberg and Blodgett. So now ,much later in the Economic, maturing, 9 year Bull cycle, where inflation is more likely to crop up,they are serving the new BLS pie in 2 flavors: a)Inflation is dead and b) buy AMZN.com I take that as a contrarian market signal, signaling The Coming of The Bear: Because the last Bear, ( Merrill ), has thrown in the towel and turned bullish. So, we are getting mixed signals here: MER says inflation is dead. Alan G. says no it's not dead, but it exists, possibly as a form of virtual reality.com. Whatever. I will continue to day trade NEM for now. Buy at +/- 20 sell at +/- 26. I am happy with 25% . Meanwhile I am waiting for inflation to rear it's ugly head, if ever, GG. Certainly if Gold breaks $ 339-340/ounce that would be a technical break out and one ought to jump on that wagon right away as well as on subsequent pull backs. I must say also that I suspect ABX is well managed with a skill ful CEO and at more volatile than NEM. At $18/share perhaps there is more upside potential than NEM. I like NEM however: a blue chip; I can sleep with it. all IMHO back later, TA Message #55633 from Haim R. Branisteanu at Jun 28, 2000 4:33 PM ET Have you paid attention to gold stocks??