OTCPK:SXGDF - Post by User
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TREV16on Nov 29, 2005 7:01pm
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Bill Murphy Comment (Shares)
Bill Murphy Comment (Shares)Hi Bill,
Why aren't the gold stocks reacting more to the move up in gold ?
Thanks, Doug McDowell
For the reasons mentioned above Doug. When investors go to their brokers, or so-called gold experts, most are neutral to bearish. Few are telling anyone today. That includes most of the mainstream gold world and the clueless on Planet Wall Street.
What we have at the moment are central banks and the smartest money in the world buying up the gold and silver markets. Been going on for months while the know-nothings watch in disbelief.
However, we are coming closer and closer to the day when THE LIGHTBULB finally goes on and there will be a mad rush to buy gold and silver stocks of any kind. Had a long chat with Frank Veneroso this weekend. He believes the next takeover bid will do the trick.
GATA BE IN IT TO WIN IT!