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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who started this subject2/7/2003 8:02:17 AM
From: crustyoldprospector   of 36161
 
Positive action in gold ... IMO, yesterday, the shares held up fairly well in light of the drop in POG. Also, the price action in my junior portfolio looks like there is a rotation to relatively greater "value" (laggards), not abandonment. Finally, although nothing is certain, I expect some very good results to come out next week when the majors start reporting earnings. We may see a final dive in the HUI leading up to that point, followed by a violent upward rebound.

My call position in ABX is now complete (!), and my PF of Juniors should expand over the next couple of days as this correction runs its course.

I think your old target of XAU 71 still looks good, VT.
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