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 : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (31349)	7/7/2002 9:00:07 PM
From: SOROS	Read Replies (1) \| Respond to of 59879

Gold, in all probability, will drop to $306. If broken, could see below $300. If this happens, the mining stocks will get crushed based on the runups they have had. I'd like to see it to reload since I am out now. Keeping my fingers crossed there is no terrorist's activity until gold cracks first. Gold hit $308.50 today before rebounding. It seems to be in this pattern for the past 2 weeks -- lower intraday drop, followed by rise, followed by drop to .10-.50 lower, followed by next day rise a few pennies, then next day repeats but gets lower every third day. If they can move the dollar back up, gold will suffer, and the mining stocks will fall quickly. No believers in quantity that gold is not just a commodity. That will come, but short terror, gold may drop $10-$15 first. I remain, SOROS