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

To: ahhaha who wrote (588)	4/22/1998 5:17:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 3558

Read your enlightening post on the Japan thread, as well as the one here. My only question is when do you see the *epoch demise*? Before or after June?

To: ahhaha who wrote (588)	4/22/1998 8:21:00 AM
From: Tommaso	Respond to of 3558

Some interesting posts from late last year, backwards and forwards from this one: exchange2000.com

To: ahhaha who wrote (588)	4/22/1998 8:37:00 AM
From: Ross	Read Replies (2) \| Respond to of 3558

ahhaha.. You seem quite bullish on gold and ABX.. I guess I'm cautious. You are not buying a bottom in ABX and, I believe, relative to gold it may be at a premium.. There are others on this thread that could probably qualify this. Of course I only trade technically and ABX is far from out of the woods, considering a it lost approximately 50% of its value between 2/95 and 1/98. It has now retraced just over .38 of that decline.. Many stocks, futures will retrace this much before they continue the trend. Which, longer term, for ABX is down. Also, I want to add .38 is a "classic" correction of an impulse move.. I actually see no reason a .618 correction (US ABX $25.50/$26.00) cannot be achieved. I will be even more cautious in that event. I'm just trying to be careful and because I'm also totally ignorant of the fundamentals need enlightenment in that area.. I know of no rich "technicians" so if you think this is voodoo science your justified.. Ross