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


To: russwinter who wrote (18781)8/30/2003 3:24:46 PM
From: ogi  Respond to of 39344
 
Russ:

It is "astonishing" to think the gains in the past 3 years have come without widespread public participation but that is the way I see it and I think it bodes welll for the gold bull. I was at the PDAC in TO. in March and the mood among the industry was more upbeat than at any time since '97 while at the same time there was a noticeable lack of the general public wandering the aisles in the Investor's Exchange where admission is free.

My broker a Vp is in The Exchange Tower right on Bay St. and not only does she note that her clients aren't calling to ask about gold but neither are her peers in the office talking about it. Among my friends and acquaintances and in my estimation of street sentiment, there is a belief that the next stock boom is happening now and they are still looking to repeat the 90's, orelse they are happy to just hold bank stocks.

Furthermore, for the most part gold is largely ignored in the press. Any other equity class with gold's performance and it would be the lead headline everyday. No, instead of talk of gold you hear that Hp or Intel or whoever matched analysts earnings estimates (which of course were adjusted down) magically within a penny!!

A pullback in gold , absolutely, but I see nothing that fundamentally alters why gold continues to climb a wall of worry.

Cheers;
Ogi