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Gold stocks are holding up as well as the price of Gold. SHareholders are sweating and may bail as most have profits. Holding on is very tough especially in the beginning of new bull markets. THis process could take time, almost like investing. Usually pays off very well for the patient. Traders usually miss the boat and can do ok anyway but regret not just having held on and let it sit. THat is where I think we are in the Gold Sector. It appears to be the only sector with fundamental, technical and psychological factors squarely in its long term favor.
THe Gold Bull
Started by
cgnx
, Oct 03 2003 11:00 AM
1 reply to this topic
#1
Posted 03 October 2003 - 11:00 AM
If it can be cornered, it will.
#2
Posted 03 October 2003 - 12:23 PM
With interest rates moving up you might expect gold to be interesting, but the currencies are running against you, the dollar is rising and some speculators think they smell a real recovery in the jobs numbers. I think industrial equities will be where the action is for a while. Best Islander.