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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (95713)	7/17/2002 9:30:10 PM
From: sylvester80	Read Replies (1) \| Respond to of 99280

Just wait for the accounting irregularities... LOL IMO, gold is going nowhere without higher inflation, weak dollar/markets or not. JMHO.

To: Zeev Hed who wrote (95713)	7/17/2002 9:34:26 PM
From: BGR	Read Replies (3) \| Respond to of 99280

Z, Please allow me to point out the weakness of that argument. The next 20% growth in POG may not increase the earnings of the gold producing companies by the same factor (of 5-10), as they are not starting from a 0 base any more (unless they have near perfect profit margins, which I suspect they don't). Hence, speculating on gold company stocks based on an expected increase in POG (itself a speculation), is no different from assuming that Yahoo will increase eyeball numbers by 1000% every year, for ever. Gold stocks are in a TA driven mania, and deserve to fall. And they will, just like the internets. Trouble is, gold has little intrinsic value. In that respect, it is no different than eyeballs. -BGR.

To: Zeev Hed who wrote (95713)	7/17/2002 10:19:26 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

my COMPX down channel is being challenged right now. The red arrow is to highlight importance 8/13 ema, a crossing being bullish. Little greenbox. is my upside zone.(but 1590/1600 possible, where there would be extreme resistance. stockcharts.com[g,a]ddclynay[dc][pc8!c13!c20!c50!i][ilb14!lp14,3,3!lf][j3728329,y]&listNum=1 also volumes are now in the spectacular zone.