Where Are All The Gold Bugs?

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Last night I was reading how gold was going to "go through the roof" today. I now see that gold is down $8.00 per ounce. Why is it gold bugs only seem to post when gold is going up, not down?

-- Jim Cooke (JJCooke@yahoo.com), February 07, 2000


we gold bugs are at the Kitco bar n grille.......orderin' shots and countin' pennies inorder to buy *on the dips*.......duppy

-- duppy (duppyi5446@aol.com), February 07, 2000.

>> Why is it gold bugs only seem to post when gold is going up, not down? <<

Because they *truly* only post when the POG is going up?

-- Brian McLaughlin (brianm@ims.com), February 07, 2000.

Hi Jim, I'm here!!

Question, are you aware of a commodity or stock that goes up EVERY day?? If so let us all know about it.


-- Ray (ray@totacc.com), February 07, 2000.

Why post when the price goes down? Why get excited about that?

-- duh (duh@duh.com), February 07, 2000.


Of course everything goes up and down. There were at least 5 postings yesterday about why gold was going to explode today and it's obviously not happening. Gold bugs love to post when gold is going up and are completely silent when it's going down. It always looks like an attempt to hype the market rather than giving any solid information.

-- Jim Cooke (JJCooke@yahoo.com), February 07, 2000.

Jim, how many gold postings were there yesterday that did not discuss exploding prices today??


-- Ray (ray@totacc.com), February 07, 2000.

Jim - Where are you getting your numbers? I see the close in NY was only off $5. Anyway, sure beats the swings in some of the NASDAQ darlings.

Current Price,/a>

-- Teague Harper (
tharper@cyberhighway.net), February 07, 2000.

Much must happen before the price of gold 'explodes' similar to anything in the past such as the early 1980's. Volatility is the name of the game for the time being. Chalk up many of the overly optimistic posting to exhuberance (but nobody beats the investors who keep buying money-losing .com stocks...you gotta be a dreamer to invest in most of them).

-- haha (haha@haha.com), February 07, 2000.

Current Price

In case my link doesn't work.

-- Teague Harper (tharper@cyberhighway.net), February 07, 2000.

rigged u.s. gold market manipulation soon to be exsposed...

-- (timetopay@piper.com), February 07, 2000.

Hey Jim- you won't find a better gold bug site than: www.gold-eagle.com.

But even they just said that this gold hike won't be the big break gold bugs have been witing for.... too many other factors at work at the moment. ( see most recent editorials). Don't stereotype goldbugs!

-- goldie (down@with.fiat), February 07, 2000.

A @ A is A reporting in, SIR!

Well, maybe I'm quiet because I put some platinum and palladium profits into gold. (While Au has gone up, Pl & Pd even more. And Ag has gone up about same % as Au, so no play there.) I'm concerned with trading to get more oz., not more fiats ($).

-- A (A@AisA.com), February 07, 2000.

"""Jim - Where are you getting your numbers? I see the close in NY was only off $5."" [Teague Harper]

The difference here is the cash spot market (your closing price) and the futures.

The futures gapped up $7 on action in Asia and steadily dropped from the open to be down about $8 -- for a net loss of $15 from the high (open) of the day. One note -- there are TOO MANY *big money* people that are sellers above $310 still to allow gold to jump too far, yet. I do believe the 20 year bear market in gold is about over -- however you don't end a bear market that long in a few month or even a year. You will still buying around $280 and selling on pops above $310. It makes for higher lows and higher highs then 6 months ago, but not the bull gold bugs here have been waiting for since forever -- yet. The XAU (mining stocks) tells you a WHOLE lot about the industry of gold. The barely budge up on the jump in gold. There is STILL too much money that can't allow a big rally in gold to take off. Gold bugs hate this and have for a very long time. I don't think they will get any satisfaction till the end of 2000 or the beginning of 2001 at the earliest. Trade the range and be happy. JB

-- Jackson Brown (Jackson_Brown@deja.com), February 07, 2000.

Anti gold bugs, try to learn something:

Commex was down and London was up by 22 dollars. Get the point?

That's what I thought.

Two words: Placer Dome. No, make that three: Placer Dome Barrick.

Oops, I forgot GATA.

-- paul leblanc (bronyaur@gis.net), February 07, 2000.

You must be new to the ways markets trade. Even short term traders understand that in bears there are rallies that fade out and in bulls there are corrections that clean out the excesses. The weekly and daily trading is similar (no matter what you are talking about). I believe most serious commodities traders expect upside and downside over a time period, I certainly do.

I remain bullish on gold for the long term and think oil is a better trading play IMHO.

-- Squid (ItsDark@down.here), February 07, 2000.

Sold more Pd, put proceeds into Au. Pd went up, Au down. Eventually the spread will close, so then will sell some of the Au and put it back into Pd (and Pl). If the ratio between Au and Ag ever changes much, then I'll buy the one which drops back relative to the other with proceeds from the sale of the one pulling ahead.

-- A (A@AisA.com), February 09, 2000.

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