Forum Archive Index - May 2002

["winner69 ." <wwinner69@hotmail.com>]

This from dailyreckoning.com "......the commercial traders (considered the 
"smart money"), tracked by the weekly commitment of traders report, have 
amassed their largest short position in gold in more than six years."

What i can't figure out is if gold itself has only increased a few percent 
over the last year why have gold stocks increased as much as they have (60% 
or more?). Doesn't this mean that the gold stocks have got way ahead of 
where they should be, ie the money has already been made.

Sounds like if you are bullish on gold investing in gold itself is a better 
bet than a gold mining company






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