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 & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (1070)	1/11/2004 2:15:23 PM
From: Andrew	Respond to of 29622

Goldcorp, hmm. Well it seems like the CEO is a good charts reader too since he sold right near the top. Or more likely caused the top? Exercised 5.5 million options about 1/3 of his total shares of the company. Between that and selling off the company's horde of gold under 400 it seems like some shareholders got a little pissed off. If not for these two events I am sure the stock would be making new highs here. Volume has been heavy since early DEC. Same kind of action happened with Agnico a few months before. IMO once the large sellers get out of the way Goldcorp will start to perform again. That said knife catching is not good but I see Goldcorp at bottom of two down trend lines. If those fail it could get ugly since this company has commanded a premium for its shares. Long term USD chart is almost the perfect inverse of the Gold chart. The USD chart shows us the lows in 1995. I see a test of that area. Other than some bounces the USD will IMO continue down till it makes a consolidation like it did in 1995. manfutures.com manfutures.com