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 : Alamos Gold -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (2789)	6/16/2002 11:53:03 PM
From: Daytek77	Respond to of 4470

Hi Al Technically your right. I based my pick on more fundamental factors and also the deal to amalgamate with Echo Bay and TVX. The market does not like this deal having made comments in the week-end papers that Kinross paid too much. Also there is a lot of arbitraging going on and that means Kinross is being shorted. Gold is consolidating in my opinion and was poised to go to the mid $315 area before the latest bombing in Pakistan supported it Friday. Still it gave up its gains late Friday and is weak in Asian trading right now. Gold stocks tend to overshoot on the upside and the downside. Gold stocks are presently behaving much worse than a $319 price would suggest.