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

To: Rarebird who wrote (59864)10/17/2000 10:59:38 AM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116762
 
Rare, <<I never understood why people become more bearish as prices fall and more bullish as prices surge?>> Momentum mentality. There is a principle in forecasting that the next increment will be most like the current past, therefore the mentality for direction. There's also a cockroach theory, when you see one there are usually many more (to come). Nothing unusual there and it's generally good market wisdom. Therefore, gold sucks and it will suck even more. <VBG>



To: Rarebird who wrote (59864)10/17/2000 11:26:57 AM
From: long-gone  Read Replies (1) | Respond to of 116762
 
<<I didn't say that. But the Gold stocks are much closer to a buy than a sell here. >>

No, I said it, & while I agree they must be more near a buy than a sell, should they be bought before the pricing of the commodity has bottomed?

<<The whole point of investing is to buy low and sell high.>>

Yes, but why not buy lower?


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