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


To: russwinter who wrote (69620)5/20/2001 1:44:30 PM
From: gold$10k  Read Replies (1) | Respond to of 116779
 
<Money flows to familiar, easy to buy names>

This is certainly true, Russ. For a long time, during the bottoming period, there was usually a supply of dirt-cheap, reasonable quality, US traded gold miners still available after the initial stages of a rally. It was easy to sell the majors and buy these as a way to take profits but still participate with low risk if the rally continued. For the past few weeks there has been NO supply of dirt-cheap, reasonable quality, US traded gold miners available, which indicated to me that this rally was getting serious as investors looked deeper for value. As you know, the Canadian junior/explorers are next. Some have begun their moves already.

vt