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


To: ahhaha who wrote (1067)3/28/1999 8:02:00 PM
From: accountclosed  Read Replies (1) | Respond to of 3558
 
Thanks.

So, what do you do, just wait patiently? Continue to monitor developments and tick volume to assure yourself that the situation you describe continues to attain? Knowing that at some point, we will have a strong updraft. Or do you privately have some sort of scenario that you look to be the trigger? I guess it doesn't really matter what one thinks as long as one continues to hold...But just out of curiosity, do you think about scenarios that will cause the stock to break out or just listen to what the market is saying?



To: ahhaha who wrote (1067)3/28/1999 8:46:00 PM
From: Baba 2  Read Replies (1) | Respond to of 3558
 
ahhaha,

Thanks for a very informative post.



To: ahhaha who wrote (1067)3/29/1999 5:37:00 AM
From: accountclosed  Read Replies (1) | Respond to of 3558
 
Is there any further insight you can offer on how strong money flow into ABX has not resulted in higher prices? By your tick analysis, you are saying that the preponderance of transactions are taking place at the initiation of buyers rather than sellers. If buyers keep initiating, it seems to me at some point, supply at these levels dries up.

Second question: I know that you believe the overall market is unsustainable at these levels. That the Fed is "printing" too much money, and that although the inflation pipeline has long lag times, it may contain ugly surprises. Do you do money flow analysis on the overall market? If so what does that analysis tell you?

tia