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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Al Collard who wrote (843)3/8/2001 7:55:24 PM
From: Berry Picker  Respond to of 11802
 
Gold is still in a downtrend.
We have not seen a new swing point high yet.
Red is right - it has not turned up
and this rally will more likely than not be short lived.

THE TREND IS YOUR FRIEND :-)

fyicharts.net



To: Al Collard who wrote (843)3/8/2001 7:57:41 PM
From: Rocket Red  Read Replies (1) | Respond to of 11802
 
Al
Thanks & Hopefully it gets some reviews and closes tomorrow on a high note.
Great Challenge for all as anything on the last day can happen ton win.You should have got SI to cough up some Prizes.LOL

Gold has false rallyed many times already over the past number of years and I think people are just buying Gold for a Safe Heaven as There is Mega Gold around yet.
Sure you can play the up and downs but as a long term hold I still say Gold going nowhere fast.Inflation is dead as the US Slowdown indicates and I also think There will be no Recovery in 2001 as in 4Q as many are saying.The Tech & Dot.com Bubble caused most of this down turn as the brakes are put on spending by most Large Corporations.

PS I think Oil & Gas stocks will return Bigger money than Gold Stocks for the Next Year+



To: Al Collard who wrote (843)3/8/2001 7:59:15 PM
From: teevee  Read Replies (1) | Respond to of 11802
 
"Gold is not going anywhere fast just yet."

I own only one gold stock and it has doubled off its bottom in the last few months. Its FCX. Its still highly undervalued too. You can compare FCX to other overvalued and better known gold stocks on the URL below.

mips1.net



To: Al Collard who wrote (843)3/8/2001 8:03:12 PM
From: marcos  Read Replies (1) | Respond to of 11802
 
Each to his own ... lord knows if i'd learned to leave golds when they're in a bad mood i'd be better off today ... but here's what Searle thinks, and i sort of agree -

'It is my view that gold shares have broken out of their bear trends of the past year and are making a price recovery. I also believe that gold shares are still oversold in relation to the gold price and so I expect the recovery (eg + 50% in price) to continue even though POG may increase by only a few percent in the months to come. '

Message 15469481 ... he and Tom Byron actually make sense over there quite a lot, neither permabulls nor permabears ... lots of charts and waves and stuff ... and at this moment the PoG does look like it wants to try 270 again

Less than a quarter of what i hold in metals is in golds, the rest being PGMs, copper, silver ... and what golds i do hold should all enjoy drilling stories this year ... crj.to is looking healthy already, xcl.to well not yet, lol ... but it will, i've been adding a few

So Al - when you win one of these coming weeks, do we call you Collard Green? -g-