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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (2993)7/23/2002 1:00:36 PM
From: SGJ  Respond to of 89467
 
Strange, with money center banks down. I added bgo, cde and hl today.



To: stockman_scott who wrote (2993)7/23/2002 1:31:25 PM
From: Jim Willie CB  Respond to of 89467
 
XAU chart broken, HUI chart holding above 200dayMA

gold is at #312.3, under attack
but so far #311 support is holding

I think we are setting up for a stock counter-trend rally

nothing has changed on the fundamental gold side
nor the really weak USdollar side

nothing more to add
with the panicky atmosphere, gold shares got beaten
but gold metal is doing rather well, considering

gold stocks derive value from gold metal price
but also from expected nearterm gold metal price

this is gold's vulnerable low season
it ends sometime in August
I am sticking with the gold shares
buying more on dollar-cost average basis
this is a shorterm trader nightmare
I try my best not to be one
/ jim