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.

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

To: Enigma who wrote (31347)	4/8/1999 9:18:00 AM
From: Rarebird	Respond to of 116801

Gold's day will come when this insane speculation comes to an end. That day can't be far off when even Bears are buying Internet Stocks.

To: Enigma who wrote (31347)	4/8/1999 11:21:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116801

<<Will this be the day? >> Of cource, I don't know, but I doubt it. There are just too many tech / chartists in the market. If we catch a bounce to $295 selling will swoop in and pull us back to $290-294. Then next day after that, we could see anouther $5-12. No matter what we want to believe, the manipulators are very strong and sharp. Almost on their side are the badly beaten gold bugs which will sell into the first & second rallys. Many need a paycheck badly. Next worst enemy may be the cheap jewerly makers, those that use plated stuff vs solid. Our greatest friends right now are the Y2k / war/ China fears. After that is population growth can take over. It may start moving today or tomorrow, but I think it will take 3-4 years to achieve full valuations. You know stair steps. I'm hearing resistance around the $340 mark, again near $374. Truth is, I've always thought the driver of gold would be better times Vs worse. Even with the great new better extraction / mining techniques there are only around 4-5 oz for every man woman & child on earth. I think jewelry and electronics demand alone can drive a higher price. But even though I want to believe the "best", I'm willing to accept any port in a storm, (Y2K).