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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Eva who wrote (5889)12/12/2002 10:07:12 AM
From: Little Joe  Respond to of 39344
 
Eva:

re: "..... wash out the weak hands and set the stage for the move up.I don't see any weak hands, they mostly left some time ago."

I don't know the basis of that statement. I think there are weak hands based on the following:

1. Commercials are bearish, small specs bullish.
2. Gold bullish consensus is high.
3. The indicators that I use to measure acc/dist show most gold stocks are neutral at best. Admittedly a few are looking pretty good, but for a good move in gold we will need to see many if not both looking better.

Why do you think weaks have "left long ago".

Little joe



To: Eva who wrote (5889)12/12/2002 10:28:10 AM
From: russwinter  Read Replies (2) | Respond to of 39344
 
Quite extraordinary (and a bit peculiar) buying opportunity developing in GBU at sub-four dollars. Creme de la creme of the advanced stage deposits!!!!

Message 18299909