Jump to content



Photo

THe Gold Bull


  • Please log in to reply
1 reply to this topic

#1 cgnx

cgnx

    Member

  • Traders-Talk User
  • 2,103 posts

Posted 03 October 2003 - 11:00 AM

[FONT=Geneva][SIZE=7][COLOR=orange]

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.
If it can be cornered, it will.

#2 Islander

Islander

    Member

  • Traders-Talk User
  • 2,551 posts

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.