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

To: Giraffe who wrote (22213)	10/24/1998 2:55:00 PM
From: marcos	Read Replies (1) \| Respond to of 116756

Well, maybe so, but there's still a week left in October and the market imho is already pricing in a further rate cut ... looks like there's more room on the downside, imho; decisionpoint.com decisionpoint.com Bert Dohmen disagrees; "Precious metals investors who chided me a few weeks ago for not getting into the alleged new bull market, are probably wondering now, as the XAU Philadelphia Gold/Silver Index has plunged 20% in the last 10 days. The upmove in September in my opinion was strictly dollar-related. And the dollar should stabilize now." decisionpoint.com But then Alan Newman says "...the lion's share of gains in the SPX has come from just five issues; Dell Computer, Lucent Technologies, Microsoft, Pfizer and Walmart. These five issues accounted for 52% of the total index return as of September 25, 1998. The five stocks averaged gains of 75% whereas the bottom 495 averaged -6.1%! To be sure, it's tulip time at the top of the heap. A replay of 1973 is probaby very close by." decisionpoint.com 1973 - decisionpoint.com Well, what a boring world it would be if we all agreed, eh ...... salud