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

To: ahhaha who wrote (885)	12/20/1998 1:40:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 3558

"...but it does tell me that if there is a reason, like Japan printing money as they should have been doing 9 months ago, you'll see ABX take off. You couldn't see that looking at traditional TA or the chart." Wait, you say Japan printing money is going to cause ABX to take off? Why? You give a lot of importance on the analysis of TICK data, and yet you just mentioned an economical trend. So you are suggesting a baseline economics and a daily tick combo, which is in essence daily TA of trends. But yet you then profound traditional TA as uninformative. Funny how you and I can look at the same data from various sources, and see underline different directions for GOLD, and thus Gold stocks. I feel you lack GROWTH of the economy in your data. For if we are in a deflation state, and we increase M2 rate, we do achieve an era of substantial growth with limited {yet unseen} CPI. So in essence you've made no reason for owning gold, or gold stocks at this time. Nor have you even made a case for Gold to stay above $290. #reply-6850549 & #reply-6859044

To: ahhaha who wrote (885)	12/20/1998 6:06:00 AM
From: accountclosed	Read Replies (2) \| Respond to of 3558

Ahhaha, I have seen you make the totally valid point that it doesn't take massive selling to drop a stock price (or drive one up). A 100 share market order can have dramatic effect if there is not a party taking up the other side of the trade. I think that this idea is completely lost on the average investor. And I understand generally the work that you must have to do to understand that abx trades are reflecting strong buying as the majority are initiated on the buy side. Can you give me your theory why the price is languishing given that strong buying? Why are sellers continuing to supply the strong buying that you are seeing? It seems to me if your work is correct, and if potential sellers had access to that information, they could keep the tug-of-war rope a little tighter and achieve higher prices for their shares. tia