Investor's Business Daily Sector Report for Gold/Silver
April 26 2001 at 4:27 PM No score for this post
Joe W from IP address 24.177.5.161
As I reported on March 20th, "though gold is receiving such bad press, if you look at the Daily Industry Prices on the next to last page in section one, (of the Investor's Business Daily) the story is different."
"Out of 197 industries tracked, this is how stocks in the gold/silver ores sector ranked:
6 months ago, 162
Last week, 115
This week, 104."
The ranking on Friday, April 6th had climbed to 84.
Two weeks ago, 79.
Last week, 65.
Yesterday's listing, (April 26th), 49.
As you can see, gold stocks are moving up nicely, and as soon as the public catches on, the gold stocks will explode.
Today, some of the big gold companies (like [AU]Anglogold, [AEM] Agnico Eagle, [NEM] Newmont Mining) had good up moves, while the cheapies were still languishing.
The low priced golds, however, will have absolutely fantastic percentage up moves as soon as they begin their breakouts.
I still like USGL, SLGLF, DAY, CALVF, KGC, ECO, ASL, KRY, PDG, HVGO.
It is not too late to get in.
Joe
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Go to goldseek.com and read the periodic analysis that his posted regarding the world financial picture. There is a lot of discussion of the forcing down of gold and silver prices. It is borderline paranoia, but very intersting to read.
tk
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Investor's Business Daily Sector Report for Gold/Silver
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May 2 2001, 4:47 PM
The rating for the Gold/Silver stocks for Wednesday, May 2, 2001 is now 36, up from last weeks rating of 48.
We are slowly rising, while all seems quiet.
Joe
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Investor's Business Daily Sector Report for Gold/Silver
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May 10 2001, 5:29 PM
The rating for the Gold/Silver stocks for Wednesday, May 10, 2001 is now 11, up from last weeks rating of 52.
Gold, silver, the gold index, and the Philadelphia Gold/Silver Index (XAU) all had substantial moves yesterday, reported in today's Investor's Business Daily.
Up, up, and away!!
Joe
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totally agree I have been playing with these for the last year.Charts are nice!!! Lets see October Fed Funds Futures now imply 66% chance of a 0.75% rate cut at the Oct 2 meeting.
Mmmm... let's see...
3% minus 0.75 = 2.25%
Inflation ( 'official ) = 2.75%
Negative real interest rate = 0.5%
The facts are screaming at the investing community now. How long now before they'll listen?
mike
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