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

To: KyrosL who wrote (63805)	2/15/2001 9:09:31 PM
From: Zardoz	Read Replies (2) \| Respond to of 116912

For what reason? Why if you presume that price of gold is undervalued, that you {and everyone else} don't jump onto the long side? Isn't it true that any stock above book value is over valued, and thus open to downside risks? Hutch PS: I own no GOLD stocks at this time, nor for the forseeable future.

To: KyrosL who wrote (63805)	2/15/2001 9:22:44 PM
From: Square_Dealings	Read Replies (3) \| Respond to of 116912

Oh they manipulate the gold stocks alright. They get you from both ends. Watch em walk down the price of NEM on low volume like they've been doing for the last week. Theres a lot of funny stuff that goes on with these stocks like: 1. Half the time the stock trades with the BID = ASK, a lot of shares are exchanged with the bid and ask the same. So evidently these are the only stocks in which the market maker doesnt care to make any spread. PDG and ABX have seen as much of this as NEM in the last week. 2. The stocks get taken down on 100- 500 share trades all the time. 3. Intraday resistance and support levels are tested about 100 times before any move and you only find out for sure where they are going to end up at the end of the day. I mean you can almost never tell if the stock is going to close up even after what appears to be a decent run. And if any gold stock breaks out and closes above a previous resistance, or is set up to break out, then it is sold immediately the next day. 4. The media only reports bad news on gold mining stocks. And they time downgrades perfectly, like 3 hours before NEM reports that it beat expectations , LEH comes out and downgrades. Just about every broker came out and slashed estimates from like +36c to - 18c for next year. Such bullshit. The gold mining stocks are more than tough to trade and the only thing that makes it remotely possible is that the daily movements are typically small. M.