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: RMF who wrote (5522)	1/9/1998 6:47:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 116756

Micap, George Cole is better to ask, but here's my opinion... The downside risk(to me) in ABX stock isn't much at this point.They have what it takes to ride out this storm.Gold will be back, since I don't think it's been below $300 for a whole year since 1979! The squeeze on the shorts will come. All things go in cycles. A safer play would be to wait for the trend to actually change.I think that if this 278 price comes up next week then support has held for the near term.The other option is a slow grind on down to 250? 225? $265? Who knows? One thing for sure...The only way gold demand will be met at these prices in two years is if everybody starts recycling gold around the world cause only 1 out of ten mines will still be open! Dave Unless gold takes a big dive next week, I'll be buying those ABX leaps...