Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: J.B.C. who wrote (95093)	5/22/2003 3:10:43 PM
From: AugustWest	Respond to of 116836

I don't think anyone expects a green day everyday. I was starting to get used to it the last week or so. <G>

To: J.B.C. who wrote (95093)	5/22/2003 3:40:42 PM
From: goldsheet	Read Replies (1) \| Respond to of 116836

Fair and balanced, up and down days should be reported with equal fervor. If the devil rubs the issue on down days and the goldbug hypes the issue on up days, then objective analysis gets lost in the bashing or cheerleading. I used to hate Wall Street Week's Louis Rukeyser who would report gold "plummeted $5 this week" or "eeked out a minor $5 gain this week" $5 is $5 regardless of up or down, and any additional adjectives show personal bias. Rukeyeser obviously hated gold, and the bias on GPM is obviously positive. The key word is "bias". I have never made a cent trying to talk markets up or down, because they definitely do not listen to me.

To: J.B.C. who wrote (95093)	5/22/2003 3:52:52 PM
From: goldsheet	Read Replies (1) \| Respond to of 116836

> Hmmm Gold in an overall longterm bullish trend Just to be the devil's advocate. one can look at a lot of charts in many ways. From the 1988 $500 peak to the 1999/2001 double bottom near $250 would be $250, and a 50% retracement would be $375, about where we are. One could make a legitimate case we are still having a bear market rally ;) I'd feel much better when we seriously break the $400 long-term resistance and make it a new support level. Then again I just said the other day that I didn't expect that to happen until 2005. I figure we have another 18 months of sideways to go. Good for speculative trading, not investing.