richard russell
posted on
Dec 03, 2007 08:35AM
Dow Theory Letters
"Gold stocks will move again when gold really takes off on the upside, and that will be (my guess) when gold rises over 900. Thus, gold stocks are only for those who have long horizons. Gold shares are a leveraged bet on the future of gold "going through the roof." If you own gold shares, you have to shut your eyes and just hold them for a future explosion. At present, as we've seen recently, gold stocks tend to move with the broader stock market."(11/28/07)
