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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (27850)	2/9/2003 11:37:25 PM
From: E. Graphs	Respond to of 36161

retired, I agree with you. The way some miners held back while gold moved recently is not such a big deal. The miners have registered a new level for gold at 350 or higher and they will move on earnings. Many of them also took advantage of the boost in POG to raise cash instead of debt and this had to be digested. I'm glad there are a lot of gold bears and hardly a bull. It seems some of the bottomfishers who bought gold miners when they were all just about bankrupt cannot believe they were right and have now cashed in, handing the torch to the technical traders. I remember when the very same thing happened in semiconductors. Seems to me that everybody thinks their money is on the side of the 'smart' money. Guess it's just human nature. E