Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Fun-da-Mental#1 who wrote (62922)	1/24/2001 1:00:44 PM
From: lorne	Read Replies (1) \| Respond to of 116753

Hi Fun-da-Mental. " Re PDG, anybody remember "Kuwaiti Oil Minister Says Price Could Reach $5/barrel"? " Did it not come close to that price? Lorne

To: Fun-da-Mental#1 who wrote (62922)	1/24/2001 9:36:31 PM
From: SliderOnTheBlack	Respond to of 116753

I allways wondered why PDG mgmt was so hated... now , I know (VBG).... Freekin' Barrick wannabe's (VBG) Fundamentalist... yes; I remember the days of endless $5 Oil being predicted & have been pounding the table on the similarities here in Gold for a while... The PDG comments (freekin' puppets) were all to "conventient" & timely given our little rally yesterday... & with the XAU refusing to fall here & forming a very stable & solid base of late. Looks like we could re-test the bottom...technically; a double bottom/retest could help us. I can't imagine us penetrating XAU 41ish. I'll take one more OPP to load up on $12 NEM & sub $4 HM if seen; a chance to get AEM & MDG cheap again, add some HGMCY & GOLD little FN.to et al....I flipped my profits from the move off the bottom in the large cap movers into some small caps - KRY TVX KGC RGLD and wouldn't mind one more XAU 40-42ish opp to re-load some index components... Still think the US dollar gets walked down - we have to address the account deficit & the continued Fed Cuts fundamentally should lead to a softer dollar... patience & be positioned for that XAU 41-42 double bottom retest - buying opp... Ole' George Cole... if we get XAU 42 again; load thy boat... The OSX during that gloom & doom period with all the $5 Oil predictions; fell from OSX 120 in May '98 to OSX 45 by Sept '98 & took 6 mos - thru Jan '99 trading between OSX 45 & 70; to finally form a bottom - it literally formed a "quadruple" bottom bouncing & holding the bottom of OSX 45-48 4 times during that Sept '98 to Jan '99 bottom formation & then finally took off in its breakout rally in the spring of '99. Give the XAU time to form it's bottom.... & watch XAU 40 hold & welcome the re-test technically... it's a great trading opp & a second bite at the Long Term entry apple imo.