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


To: Francois H. Gaston who wrote (459)2/3/1998 10:37:00 PM
From: Francois H. Gaston  Read Replies (1) | Respond to of 749
 
Drop in gold stocks was significant, but volume was low, in general. Warren Buffet's move to take delivery of silver suggests that he does not believe too much in stockmarket at these high valuation levels. His he hoarding gold at this time? If he is... we will be in business soon!
Good luck all
I am still long on my huge gold stock position (retirement and brokerage account) as I personally do not see how the double bottom we have placed in the XAU will be really tested now, in this environment full of volatility (stokmarkets, currency devaluations) while some famous investors just cornered the silver market... My guess (IMHO) is that the systems are all go for a gold surge this year... possibly soon.
Gaston