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

To: Rarebird who wrote (56123)7/12/2000 2:57:07 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 116816
 
imo the risk in gold stocks at the current XAU/PoG ratio is negligible. they will keep chopping around current levels for a while, but i don't see much more selling materialize. as you have said earlier, who's supposed to sell here?

as for the Nasdaq, all i know is that apparently the whole gamut of gamblers is bullish...that's a sign that this won't last long.



To: Rarebird who wrote (56123)7/12/2000 3:18:40 PM
From: Crimson Ghost  Read Replies (3) | Respond to of 116816
 
Looks like you were right about the NAZ though I think it will be hard pressed to get much above 4200.

But the idea that people will sell gold stocks to buy tech is pretty far out. Tech investors and the few remaining gold investors are totally different breeds. Polar opposites on the investment spectrum. People simply do not switch from gold to tech and back again. You may be unique in this respect.


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