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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (833)	11/21/1998 3:57:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 3558

Probably a lot of people don't like blue so I'll give then some gold. Every trade analysis shows extremely strong accumulation of ABX. Stronger than the Internet stocks! In fact, the Internet stocks in most cases, have entered into distribution which is net selling on rising price. I won't go into the complicated reasons of what that means, I will say that ABX is one of the most intensely bought issues I've measured for a long time. It is exactly opposite in its flow dynamic to the Internet stocks. The only reason ABX isn't racing upward is that sentiment isn't in gear. Sentiment gets in gear when bullion breaks $300 and advances. Sentiment only means here decreasing static marginal supply relative to total money flow. Holders slow the rate of their selling.