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

To: Rarebird who wrote (55946)	7/8/2000 2:16:54 PM
From: Crimson Ghost	Respond to of 116815

Rarebird: You are correct that the big investment money generally is made by buying and holding. I like to buy cheap stocks and sectors that have troughed and have nothing against dead money for a while when I know there will be a big payoff sooner or later. But holding stocks which remain in a bear market is another matter. Dead money is one thing, losses are another. The gold sector remains in a bear market, but the stocks are so cheap that I am holding even though I do not think the bottom is in. One of these days we will get a strong rally. And the upside potential far outweighs the risk here unless the US decides to join the BOE and dump its gold.

To: Rarebird who wrote (55946)	7/8/2000 5:53:48 PM
From: long-gone	Read Replies (1) \| Respond to of 116815

OT(?) Fox's Mexico Victory Bad News for Clinton-Gore NewsMax.com Satuday, July 7, 2000 Vicente Fox’s landslide victory in this week’s Mexican presidential election was bad news for President Clinton, who insiders say tried to "manipulate" the outcome and keep the winner’s conservative party from taking power. Not lost in the minds of Fox and his party is the fact that Clinton’s longtime political adviser James Carville served in the same capacity with losing candidate Francisco Labastida, and they can’t be blamed for believing that Carville was in Mexico because Clinton wanted him there. (cont) newsmax.com

To: Rarebird who wrote (55946)	7/8/2000 7:14:32 PM
From: Little Joe	Respond to of 116815

"PS I'm going to try to check out your claim about the commercials being long when gold fell from $400 to low $300's. Perhaps Bob Johnson can assist here too." I can't say what happpend at that time. But a few years ago I subscibed to a newletter called "Bullish Review" which analyzed the committments in almost all markets and gave advice based on each market. I can say for sure that many times the market moved against the commercials and for substantial amounts. In fact it happened so often that the newletter had a term for it, although I can't say I remember what it was. Although the newletter would take positions in the direction of the commercials initially, interestingly when the market moved against the commercial interests that was a signal to reverse and take an opposite position. It often worked, but on balance the advice wasn't that useful. I do recall that there were several bullish signals given by commercial interests in the gold market that did not work out. Live long and prosper Littlejoe

To: Rarebird who wrote (55946)	7/8/2000 7:17:11 PM
From: Little Joe	Respond to of 116815

"PS I'm going to try to check out your claim about the commercials being long when gold fell from $400 to low $300's. Perhaps Bob Johnson can assist here too." I can't say what happend at that time. But a few years ago I subscribed to a newletter called "Bullish Review" which analyzed the committments in almost all markets and gave advice based on each market. I can say for sure that many times the market moved against the commercials and for substantial amounts. In fact it happened so often that the newletter had a term for it, although I can't say I remember what it was. Although the newletter would take positions in the direction of the commercials initially, interestingly when the market moved against the commercial interests that was a signal to reverse and take an opposite position. It often worked, but on balance the advice wasn't that useful. I do recall that there were several bullish signals given by commercial interests in the gold market that did not work out. Also, as I have indicated in other posts the insiders have been buying gold stocks for a long time, and the stocks have just gone down. Live long and prosper Littlejoe