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


To: gold$10k who wrote (73008)7/7/2001 12:06:06 PM
From: Rarebird  Read Replies (2) | Respond to of 116752
 
<Have you sold anything yet?>

Yes, I did sell AEM, PDG, HGMCY and DROOY on 06/29/01 in the morning at a decent profit. I was asked by a number of people who post here regularly via PM if "I was still long" at the time and I told them of my sells. Others were informed of my sells in advance via PM.

I am still long ABX and HM stock. Anyone who thinks that ABX will not rally strongly in the next gold bull market is living in LA LA Land. I'm hedged like ABX since I've bought puts on ABX.

<Do you still believe that this is a gold bull market or not?>

I think the bottom is in the Gold Stocks and XAU. The big problem for the POG is the Euro. I don't think a bottom is in there yet. November/December 2001 is the timeframe where I think the Euro will bottom due to tax considerations.

I would buy Calls (Leaps) on the XAU in the mid 40's.