Forum Archive Index - March 2004

["Allan Julian" <ajulian@xtra.co.nz>]

Thanks woody,
I don't actually trade gold but do the next best thing with gold mine
shares, with companies like KCN getting it out of the ground at us$117 per
oz, it seems a better option for the inexperienced trader.
I have for better or worse jumped on the gold merry go round with AGG,KCN,
and LHG, the first two pay a dividend which is not overly common for gold
shares, I have always been shy of LHG, as New Guinea where they are based is
such a tricky place to do business, and I have always believed Rio Tinto
would like to be rid of it, but while I fear the worst for it, I have seen
others make a lot of money on it, and I have thrown caution to the wind, as
for some reason that eludes me gold looks like busting $400 again. [and I'm
just getting into t.a. which the way I interpret it, KCN and LHG are buys,
but not AGG]
And yes I do understand gold is a truly international currency, that has
been here before, the existing currencies and very well well be here after
them. [as a currancy]
Thanks for your help.
Allan.

-----Original Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Woody
Sent: Monday, 8 March 2004 4:25 p.m.
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Woody the recient gold price rise..Reply


Allan
If you consider that Gold is no longer regarded by the market as a precious
metal, but as a currency then you will understand why it is no longer
running conversly to the USDollar, but as a separate market. Then you will
believe that gold will have many ' Fools Rallies " until the end of this
year, that is when I believe that gold will continue its Bull run perhaps to
the 800 or even further.  Just make sure that if you go long gold that you
have a very long contract, many short term traders will get burned over the
coming months.

Woody
----- Original Message -----
From: "Allan Julian" <ajulian@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, March 08, 2004 11:30 AM
Subject: [sharechat] Woody the recient gold price rise..


> and rise..or fall.. is this the begining of the "fools rush" you
predicted?
> Allan.
>
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