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.

Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (351)	3/21/1999 8:37:00 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 972

Larry, thanks for posting the Barron's index. I think that the xau is still in a general down trend. Even if it's bottoming, that could last a long time. Of course there will be small moves to make money on, I will post when I'm so sour on the gold market that I buy in again. <VBG> Gold currently has no monetary value, it's just a commodity that's declining like all other commodities. IMO the fundamental signal for investment will be when commodities begin moving up again, like oil did lately. However I view oil as a false start just based on some promise of curtailed production. The US stock market is currently the coin of the universe, that perception has to change before people look for safe investments. Talk to your neighbors, they buy all the dips, the market's safe in their minds. Some day there will be the dip of no return. That could start the bull run on gold. We need to be careful though. Don't enter the xau too early. A stock market crash will drag miners down with the general market, buy near the bottom.