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


To: Alex who wrote (59403)10/5/2000 12:59:35 PM
From: Richard Mazzarella  Respond to of 116764
 
Alex, we may be getting close to total gold investor capitulation. Tax loss selling should now accelerate that event. IMO get some cash ready for that special situation.



To: Alex who wrote (59403)10/5/2000 1:03:31 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116764
 
You would think some of these idiots would finally listen to GATA. Or at least Greenspan when he said

"central banks stand ready to lease gold in increasing quantities should the price rise."

The gold industry is in a WAR and most of them cannot even identify their chief enemy.

Need I say more!



To: Alex who wrote (59403)10/5/2000 2:04:02 PM
From: Ken Benes  Respond to of 116764
 
Barrick at 14 9/16 approaching a decade low. What an endorsement for such a well run company. Investors are grinding them into the ground. How does barrick respond to declining gold prices, add more supply. How are investors reacting to this wonderful managerial news, they are adding more shares of barrick to the market by dumping theirs. The bottom will be in for gold when the producers are bashed to oblivion and new proactive management takes hold of the industry. By proactive, I mean managers that regulate supply by the amount of demand in the market, rather than the current mode of operation, dig and dump regardless of market conditions.

Ken



To: Alex who wrote (59403)10/5/2000 4:55:14 PM
From: Fun-da-Mental#1  Respond to of 116764
 
Lehman says "Gold prices probably will average about $270 an ounce for the next three years". I don't mind hearing that at all. It's like those "oil will average $15-17/barrel" predictions we heard last year. It kills me how they're so precise about it. If they said gold won't get above the low 300s, maybe that would have some credibility, but to say that the price gold happens to be at today sets the standard for the next 3 years is silly.

Fun-da-Mental