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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (26837)1/27/2003 7:04:10 PM
From: ItsAllCyclical  Respond to of 36161
 
<<I think the non-goldbugs start buying at higher, rather than lower, levels.>>

I guess I was referring more to the institutional money than anything. The non-gold funds that would like some exposure, but don't want to "chase" anything given how far gold has run of late.

Nor do they want to buy when the war premium is unknown.

Just trying to explain the action I see in the tape.



To: gold$10k who wrote (26837)1/27/2003 7:45:48 PM
From: crustyoldprospector  Read Replies (1) | Respond to of 36161
 
SKI predicted a possible drop of 10-12% this week in gold stocks, but his system indicates this is a temporary phenomenon. See more here:

321gold.com



To: gold$10k who wrote (26837)1/27/2003 7:46:57 PM
From: ItsAllCyclical  Respond to of 36161
 
Talked about this idea 1-2 weeks ago. Sure it's been mentioned by others as well. NEM / XAU, inverse H&S.

kitco.com

Tend to agree that at some point it'll happen, but I can rule out one more decent correction (HUI 125-138) based up on how gold shares are acting vs gold.