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

To: Gary H who wrote (70873)	5/31/2001 2:39:08 AM
From: baystock	Read Replies (1) \| Respond to of 116811

goldstocktrader on Kitco Inc. sees more downside in the gold stocks: Sell those gold stock rallies (if there are any) - No one can claim they weren't warned. The bulls were spitting in the wind,pulling on Supermans Cape, calling Kaplan a contrary indicator and even putting a bullish bent on the horrendously negative cots. Even yours truly, the faithful gst, was dissed for his sell call. One has to pause and wonder where the conspiracy is and who the conspirators are? From last fall's bottom to the recent top, the xau was up over 60%. What do you want? If you can't make money trading with a 60% move in half a year, you shouldn't be trading. And for those who think gold stocks are investments as opposed to trading vehicles, then search the Kitco archives for my advice about putting your money in the mattress. Now I'm not gloating since that wouldn't be seemly but with all the talk recently about conspiracies against gold and the fact that all the technical evidence was screaming SELL, I really have to wonder who the conspirators are. This isn't rocket science; the evidence has been building for a sell-off in gold and gold stocks and those who choose to ignore such evidence and cling to conspiracy theories to support their flawed and incorrect analysis are destined to remain on the wrong side of gold trades if they don't wake up and smell the coffee. Think, analyse and stop listening to everyone and every organization with an axe to grind ( and memberships to sell and perhaps stocks to sell as well ) that has a consistently one way opinion. We call the Wall Street hypes shysters for continually having a bullish stance but when it comes to gold, such a stance is only seen as a crusade against the powers of darkness. BTW, on the daily chart, for those willing to take a look, the xau has broken down from a mini h&s with the technically correct interpretation suggesting the decline should measure equal to the neckline which suggests a minimum target of 50. Those thinking that the relative outperformance of gold stocks vs gold is bullish are wrong! In fact, at this stage its bearish and it simply demonstrates disbelief. Gold stocks will really be taking it on the chin once gold starts to rally.