SI
SI
discoversearch

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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Grandk who wrote (62964)1/7/2003 8:19:30 PM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
I'm short term bearish on gold so if you're way off that will make two of us.

I had a huge position in rgld under 4 believe it or not. I was in rgld when rgld wasn't cool...bg..

If I remember correctly they are essentially a royalty trust. They get a percentage of the output of a smelter or something. I'm not an fa guy but I find it hard to believe that the move up in gold justifies the 6x increase in rgld. Anybody have an opinion?