SI
SI
discoversearch

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: Ken Benes who wrote (58685)9/22/2000 10:25:20 AM
From: BigBull  Read Replies (1) | Respond to of 116759
 
Ken Benes, I don't see this as the rally in the XAU yet, but imo a significant rally will ensue shortly. The XAU 84% bearish sentiment number almost garantees one. This is just the shot over the bow. BWDIK. Except this, everybody hates gold.



To: Ken Benes who wrote (58685)9/22/2000 10:37:19 AM
From: Rarebird  Read Replies (1) | Respond to of 116759
 
The XAU is struggling to stay above 50 here.

Still no real buying interest in Gold Stocks. Almost Every rally appears to represent a good shorting opportunity.

The dollar index will have to fall below 105 for a rally to unfold IMO.



To: Ken Benes who wrote (58685)9/22/2000 10:39:17 AM
From: Alex  Read Replies (3) | Respond to of 116759
 
I will never understand why anyone would sell an asset for $270 that costs close to $400 on average to replace. Worse, they hedge/short the asset ensuring that the price continues to decline along with their stock price and shareholder value. Repeatedly. And the cb's continue to lease/short this asset under the guise of earning interest of 1% while in truth they lose 5% on the principle. I know, I know, it's the New Economy stupid. Hey, we require pre calc for a janitor at work these days. Go figure.

Regards,

Alex