OTCPK:ITMIF - Post by User
Comment by
RJ4on Aug 18, 2001 5:08pm
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Post# 4108397
RE: Let's move on! To where?
RE: Let's move on! To where?I am the very last person that should be giving investment advice,Frank,, but gold stocks are starting to move up and might be worth looking at,,until the tech. market comes back,anyway.. Gold stocks have been in the sewer for years because the price of gold (POG) has been lousy because of the strong US dollar.. Once upon a time,,when things were bad,,people bought gold,,but the last decade or so people bought US dollars instead of gold because the US dollar was so strong. NOw the US dollar is getting weaker along with markets..But of course there are the rats in the gold market too,,namely Goldman and Sachs..But if the POG ever gets away on them it could be very good times for the gold producers,,as they have been in a bear market for years.. I am not talking about the Brex types either.. If anyone is interested check the *GLD forum.. Mostly doomsdayers there but interesting at times.. There,,I have probably just put the Kiss of death on the global gold market..LOL Good luck!! RJ