If you monitor the goldbug forums, you would know that bugs have expected a big pull back, maybe to 280-290 before advancing. If this mornings dip is it, then it should be up fast from here. Although up fast is not what we prefer. Slow & steady last longer, just like internet stocks.

-- goldbug (goldbug@mint.com), October 06, 1999

Answers

A pullback to 280 would be just fine with me--another chance to get on the express train before it really starts moving. What we want is a gradual upward trend, a slow and steady climb that builds momentum as it goes. There will always be corrections to allow the steam to build up again; that doesn't worry me. What might worry me is some huge skyrocket climb than cannot be sustained.

I look at gold as primarily a means of protecting your assets during the y2k years, 2000 to 2002 or so, but if its value increases in the meantime, that's great too.

-- cody (cody@y2ksurvive.com), October 06, 1999.

Cody, you are a parrot! :)

-- (DowGuy@wallstreet.com), October 06, 1999.