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

To: Hawkmoon who wrote (26255)	1/15/1999 8:21:00 AM
From: Little Joe	Read Replies (1) \| Respond to of 116764

ron: Your analysis is faulty for two reasons (1) it ignores another fact which is that the insiders are buying the gold stocks. My insider buying service has listed gold stocks as having the highest insider purchase rating for many months now. This says the outlook for gold mining stocks is bullish and the rationale that you gave for the commercials being long gold itself would not apply. (2) The commercials consist of sellers of gold and users of gold and I don't see that the users have an interest in maintaining a high price. Sellers would be foolish to try to artificially prop the price. It would be in their best interest to sell into any strength and sell their future production at a premium to spot. Of course none of this guarantees that gold will go up and my current strategy is to see if the potential head and shoulders bottom which is in the process of forming resolves to the upside. If it does, I intend to buy but if not I will stay out. Live long and prosper, Little joe