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: Rarebird who wrote (55715)	7/5/2000 11:46:14 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116770

i agree...it does look so hopeless that from a contrarian perspective a bottom can't be too far off.

To: Rarebird who wrote (55715)	7/5/2000 1:52:07 PM
From: Zardoz	Read Replies (2) \| Respond to of 116770

Yes, it does look bleak, technically speaking, for The XAU at the moment. A close below 56 would issue yet another technical sell signal. Why? The Techs analysis on the XAU have been negative for MONTHS. It's just that you have had inept Guru's {most self-proclaimed} suggesting that the XAU has hit bottoms weeks ago. It's whom you choose to listen to, and make your conclusions from that have lead to this disparity of Gold and XAU. I on the other hand have been happily watching, waiting and grinning. The XAU does have a lower range based on Gold Assets Reserves, but it is far from that point today. Anyways: to determine where the XAU is going, look at the XAU components more closely then the XAU index itself. It took anti hedging mentality from PDG to get the POG above my $300 limit {well I said you'd be lucky to see it above $300 for 2000} What makes people here think Gold is worth more at this point in time is what I find truly funny. Actually I find it down right stupid. It seems that in this age of desktop investors/speculators that everyone things there stock picks should go to the moon. So many here are wrong. I've always said you should trade your gold stocks, and trade often. Some day the Goldie stocks will be at a BOTTOM. Question is:" Do you have the time to wait it out?" I'm holding my gold stocks because I'm more fundamentally oriented. WHAT? Since when has the gold stocks been fundamentally sound? Gold stocks are always based on Gold price, and that since the 70's has been in over volatile situation. When the equalization point is finally reached {as is possible now} the price more closely reflects that of production costs + profit. At $800/Toz it was clearly over value {in terms of longer time frame}. To suggest that now, or in a short term that Gold should rise, is laughable. "What ever happened to valuations, earnings, book value." That's what they said about the internet stocks. Go look at the gold stocks and you are in much the same situation. To suggest that anyone is seriously looking at gold stocks based on fundamental analysis is to assume to much. Look closely at how many on the GPM have been wrong for so long. They grasp at anything that may actually inflate their stocks, even though many of the things they crave are negatives for the economy, country or world. Investing in gold CAN be a good thing, if done at the correct time, for the correct reasons. I invest in the markets for one thing only… MONEY. If I can't get it, and get it all as fast as possible, then I'm wasting my time. I couldn't care if they made bombs or butter. Just: "give me money, that's what I want" Hutch PS: Although this message was SENT to Rarebird, it's don't mean it was directed to Rarebird.

To: Rarebird who wrote (55715)	7/6/2000 12:38:28 AM
From: bobby beara	Read Replies (1) \| Respond to of 116770

so empty headed bird, how is your qqq long doing, chipsawed whipsawed a bit bird brain, you shud be above way above reproach before you pound the gavel on others -g-, looks like george was right on to fade your move -ggg- i haven't seen a post by you on mdd lately, were you moderated off because your posts are short on content and long on disruption? i see you have PHd on your personal profile, ho ho ho someone with your lack of maturity, no way has a doctorate in any academic pursuit, in your case PHd stands for Pinhead with a High School diploma