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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (207)11/30/1997 6:52:00 PM
From: Zardoz  Read Replies (1) | Respond to of 3558
 
Yes... It's a derivative play, If you know what you are doing. Just like it was around 1997/02/12 & 1997/08/06 it SHOULD be around 1998/01/03 {yy/mm/dd} or earlier. This is suggested from the market decrease in Gold price relative to currencies.

Note: But than again, many out there refuse to see the connection between: Gold Price > Equity Price > Option Price and why you can buy options that expire within 1 month, and get the greatest yield.

PS: This is not a recommendation, and is defined as speculative. Risk what you can afford to loose.



To: TLindt who wrote (207)11/30/1997 10:23:00 PM
From: PawPr  Read Replies (2) | Respond to of 3558
 
There's no reason to buy gold stocks. Every rational person has dumped them. That's why it may be time to jump in now. Nobody can call the bottom, but in the long run, you never make money in stocks by following the herd. ( Was it Andrew Carnegie that said, "Buy when there's blood running in the streets...?" ).


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