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


To: bobby beara who wrote (15962)8/16/1998 6:11:00 PM
From: baystock  Read Replies (3) | Respond to of 116892
 
<<What we have here folks is the Great Depression in Gold Stocks (DOW lost 89% of it's value) and the XAU majors are masking the real EXTREME weakness of the entire complex. While the XAU is making somewhat of a double bottom, the juniors are crashing, real capitulation.>>

You or the newletter is either contradicting itself or overdramatizing. The XAU is not at 19, but is around 60, which is far from a 89% crash. As for the crash in junior gold stocks, so what. They are not in the business of mining gold, but rather in mining the wealth of their shareholders while pretending to be in the gold business.