Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (45784)	10/11/2001 12:08:40 PM
From: jjames69	Read Replies (2) \| Respond to of 100058

gold-gold stocks are not good trading stocks. i'm looking at overstimulation into the economy from the feds to fuel gold stocks rather than war. would probably look for nem to retrace back to 18.5 rather than 20. but it looks like huge double bottom on the monthly is being formed. stockcharts.com[m,a]maclyymy[pb50!b200!f][vc60][iUp14,3,3!Le12,26,9]

To: bcrafty who wrote (45784)	10/11/2001 12:13:47 PM
From: JoanP	Read Replies (2) \| Respond to of 100058

bcraft, James Fleckenstein on gold dated 10-10-01: "Away from stocks, fixed income was flat. The dollar was higher against the yen and the euro. Oil was pretty much a non-event, up a nickel. Once again, the metals were weaker (with silver down 3% and gold down a little over 1%) as Johnny-Come-Lately longs to the futures market are being shaken out. With respect to both silver and gold, this potentially sets up a wonderful buying opportunity in the not-too-distant future. On a handful of occasions over the past six months, I have been pretty constructive on the metals. It seems that an investment demand is showing up at the margin. We are getting down to the tail end of central bank selling, and the supply and demand situation is getting more bullish. For whatever it's worth, I am looking for another chance to add to positions in metals somewhere over the next few weeks."