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


To: Crimson Ghost who wrote (69245)5/16/2001 10:05:27 AM
From: Horgad  Read Replies (1) | Respond to of 116759
 
HEHE...OK I tried to be cute and got burned for a 6%. I sold out of HGMCY at 5.15 and bought back in 5.46. The pullbacks have been too small and too quick lately to make trading worthwhile unless you are dealing with large volumes and have very good timing.

But the gold miners have got to retrace soon... don't they? With gold at $270ish they look to be getting ahead of the game.



To: Crimson Ghost who wrote (69245)5/16/2001 10:14:48 AM
From: Daveyk  Read Replies (1) | Respond to of 116759
 
I'm one of those George.I'm glad for those of you who hung on.



To: Crimson Ghost who wrote (69245)5/16/2001 11:02:01 AM
From: Rarebird  Read Replies (3) | Respond to of 116759
 
<Investors who try to be "cute" and play the miniwaves in the XAU risk being left behind as the train pulls out of the station.>

That's for sure. But what can you expect from the Superficial Amateur Technical types after a 20 year Bear Market? Almost All the Economic Fundamentals are in Gold's Favor here. Once that U.S. Dollar Bubble Bursts it is off to the Races For Gold.

In a Bull Market, one is supposed to buy and hold and ride out the corrections.

The only question here is if this is a cyclical or secular Gold Bull. If it is a secular gold bull, watch out above: New ALL Time Highs are coming.

Very few even think a secular Gold Bull is a remote possibility.