Would not get frustrated with this guys.
Have a few friends inside the funds industry, have been quizzing them re lag between gold and gold producers and outcome is want we are all seeing in media.
Their perception is gold is linked to war and to a lesser extent the depreciation in the USD.
ie. In their minds we are seeing a short term spike which will correct very quickly to 300 an oz once the Yanks sort out Saddam.
Their view of gold stocks at the moment is one of a short term trading opportunity.
If they are wrong (which I believe) patience will deliver , if they are right well we all have stop loss disciplines.
Still looking at the Gold stocks LHG is in the middle of a pretty good run at the moment but I think the game is shifting to RBK,HIG,BSG and hopefully BDG (I hold a few and they are going nowhere very fast indeed.)
Patience
Rob.
LHG
unknown
someone really doesn't want lihir to go up, page-11
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