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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (89965)	9/25/2002 11:05:38 AM
From: goldsheet	Read Replies (1) \| Respond to of 116815

I also said "The $320-325 area is turning out to be very difficult to break." REF: Message 17989013 We got up to $328 intraday (briefly) yesterday, but are back much closer to $325 (again) > Well, sustainable will only be proven by history but to dispute reality is nothing less than pure folly. I have said currently unsustainable, not forever. Reality is with all the talk of war and poor stock markets, gold bullion should be doing much better. Gold stocks probably should be lagging, and they are.

To: long-gone who wrote (89965)	9/25/2002 11:27:40 AM
From: goldsheet	Read Replies (1) \| Respond to of 116815

Another of my posts from September 5th "a 50% retracement from the June top of 88.65 to the subsequent low of 55.73 would be 72.19, which is about where we are, so I think we are just about done." Message 17957647 It's three weeks later and we are at 73.99, yawn .......... Another thing I noticed is ABX has been outperforming NEM September 5th, ABX=15.80, NEM=28.20, Ratio=1.79 today, ABX=17.95, NEM=29.11, Ratio=1.62 When folks are really bullish NEM gets bought, but when they are more defensive ABX seems to be the choice. goldsheetlinks.com

To: long-gone who wrote (89965)	9/25/2002 11:48:18 AM
From: goldsheet	Read Replies (1) \| Respond to of 116815

Is the best behind gold stocks? The best gains have been had, now it's time to play smart. mips1.net Two interesting points in the article, both of which I have previously made: "The tale is cautionary, something Rick Rule of Global Investors was quick to point out: "the easiest money has been made." This is not to say that all the money has been made. Rule says a focus on fundamentals will yield value; keep an eagle eye on net present values and don't worry about the price" "Whatever you do, don't buy and hold in expectation of a moonshot. We've had the moonshot and only the best professionals will get out at the very top of this market. Take profits when you can, that's what they are for." Everything went up when gold went from $275ish to $325ish, and all you folks should be happy with 3-5X gains. When we eventually go up another $50, not everything is going to go 3-5X again. Stock selection is going to be much more important, and it is going to be harder to make money. Likewise, when you do make money, take some profits !