SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (1995)9/21/2001 6:27:35 PM
From: gold$10k  Respond to of 36161
 
On the US traded gold stocks, it's difficult to distinguish between taking profits on the one hand and raising cash in the market downdraft on the other. Maybe it doesn't matter what the cause is, but if the downdraft is keeping XAU and HUI from really flying, then the market bounce could take the lid off of the gold stocks as it did in late August '98.

The Canadian junior/explorers are in a separate world. They tend not to follow every surge and drop in the POG, but react to its overall trend. The better known issues that I follow like BAY.TO, CBD.TO, FGX.V, and MFL.TO have begun moving up.

vt



To: Crimson Ghost who wrote (1995)9/21/2001 6:53:10 PM
From: gold$10k  Read Replies (2) | Respond to of 36161
 
An addendum to my last post...

Since July, the POG has gained about $23, but XAU has gained only 5 points, HUI has gained 10 points (better but still lagging the POG), the DOW has dropped 2000 points, and the NASDAQ has dropped 525 points. What's keeping the gold stocks from moving up as strongly in response to the POG as they have historically?

vt


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News