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


To: agiak who wrote (21238)10/9/1998 12:24:00 AM
From: Little Joe  Respond to of 116759
 
To all on this thread:

As many of you know I subscribe to a newsletter which ranks sectors based on insider buying. Gold has been one of the top 3 or 4 sectors for some time now. However in the most recent issue I received Gold Stocks were ranked the highest with a 7 out of a possible 10 ranking. I don't ever remember seeing a whole sector ranked that high since i have been getting the letter. Also, Newmont mining was ranked a 10 which is the highest rating the insider newsletter gives a stock. This coupled witht the fact that commercials are net long in the futures market even after the run up tells us something is afoot in the Gold Market. There will be corrections along the way, but I believe we have seen the bottom.

Live long and prosper,

Little joe