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

To: Zardoz who wrote (10493)	4/23/1998 10:27:00 PM
From: Enigma	Read Replies (2) \| Respond to of 116760

Hutch - you obviously didn't read Vronsky's article - at least not the part dealing with 1987 - look at it again! Gold stocks went down in 1987, along with the other stocks - but as he pointed out they had had a very good run up to that point, and were due for a correction anyway. I remember looking at chart after chart of gold stocks just before the crash and the were all headed UP at an extreme angle - yet I did nothing. There were so many potential shorts! And I was long Barrick! There are so many charts showing exactly the same trend today but gold stocks aren't among them. I found Vronsky's article excellent in almost every respect - but I agree with him in almost every respect! I hadn't heard of him until today. As for interest rates 'doing in gold' - not necesarily at all. The converse should be that if rates fall - which they have done - gold should rise - but the opposite happened - gold fell. In a bear market even positive things make no difference. On the other hand in a bull market even higher rates will not detract from gold's rise. The most important thing is what is happening in the background i.e. stock market turmoil, currency turmoil, ECU considerations, etc., etc. Besides, gold's time may be upon us.