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

To: Zardoz who wrote (14906)7/25/1998 7:09:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116764
 
I'm not sure about 6300, but 7000 sure looks like a good bet this year. BTYW, are you saying gold was overvalued in April. or is it overvalued today?

Looks like the gold complex will not turn until we get a final selling climax. Pretty soon methinks. Certainly well before the DJI troughs.



To: Zardoz who wrote (14906)7/27/1998
From: PaulM  Read Replies (1) | Respond to of 116764
 
"Welcome to the Bear market"

Why stop at 20-25%? Once this thing gets started, I expect a bigger drop than that. Maybe over a longer time period.

Suggest any puts?

Take a look at options on AOL, in particular the ones that expire 2000-2001. IMO there's some very nice risk reward down at that end.


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