PHLX Gold/Silver Sector (XAU)

[long-gone]

To:Bobby Yellin who wrote (240)
From: mikesloan Sunday, Jul 6, 1997 8:33 PM
Respond to of 80032

Gold starting to head South again, $322.95 presently.

To:mikesloan who wrote (241)
From: Bobby Yellin Sunday, Jul 6, 1997 8:41 PM
Respond to of 80032

Hi Mike:
I am hoping that the Central Bankers will have to eventually resort
to giving it away on street corners... :) that will really gain
peoples' confidence in derivatives and papers :)
what is that song about free falling something or other...prophetic..
*at least a lot of people will look nicer with their necklaces,earrings,etc(although the punk piercing bothers me-too suggestive of pain-holding gold stocks is pain)
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1711395

To:Bobby Yellin who wrote (242)
From: mikesloan Sunday, Jul 6, 1997 9:27 PM
Respond to of 80032

I don't think it is good to buck a trend for speculation purposes and right now the trend is lower prices for gold. The most recent quote I have now is $321.90 and it is starting to get ugly on the Kitco thread.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1711541

To:mikesloan who wrote (243)
From: Bobby Yellin Sunday, Jul 6, 1997 9:29 PM
Respond to of 80032

You are right on...it is like catching a falling knife covered with butter...
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1711544