SI
SI
discoversearch

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

To: Bruce McGaughey who wrote (524)3/9/1998 10:34:00 PM
From: Francois H. Gaston  Read Replies (2) | Respond to of 749
 
Bruce: I agree with you: some stocks are starting to show the inverted head and shoulder pattern and some other stocks show a double bottoms. The bottoms are in for gold stocks and gold (IMHO).
For these to get going, small investors will have to start buying gold jewellery and gold coins, methinks, because CBs and other big players could flood the market and prevent a rise in gold price... for a while.
You need many buyers: if 1 billion Chinese bought each one American eagle, this would be about 28000 tons of gold which is more than 10 years of gold production... We don't need hoarding by a few: we need to have instead a herd of humans wanting to just buy one gold coin each... that is all what is needed...
Good luck all.
Gaston



To: Bruce McGaughey who wrote (524)3/10/1998 4:57:00 PM
From: XOsDaWAY2GO  Read Replies (1) | Respond to of 749
 
I looked at the charts you mentioned. Of the three, PDG and ABX had "kind of" a head and shoulders reverse, but ALTA doesn't seem to have any similarities, just a strong upward trend. However, the cross overs of the moving averages might suggest a correction might ensue. What say you?

Barbara


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News