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Strategies & Market Trends : Natural Resource Stocks
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To: Jim Willie CB who wrote (3768)11/22/2003 6:36:47 PM
From: jimsioi  Read Replies (2) of 108710
 
Jim Willies on S&P and Gold

I'll next read Hamilton's piece on the general market, which to me doesn't look any too strong in just a moment...Came by to post a piece I wrote over on the Yahoo Harmony board after considering the state of the situation for gold and miners with relation to the $400 barrier and options expiration.

Basically I'm wary.
post.messages.yahoo.com

I'm further concerned if Hamilton is right that weakness in the general US stock market will spill over to others and engulf almost all sectors. The best thing for Copper and even Gold is for high growth with an inflationary bias....weak market leads to the everything (or almost) being pulled down, in my opinion.

I'll now read Hamilton's piece though my impression of his calls on the general market have at best been mixed....he's called for a number of dramatic moves for stocks using a number of indicators and correlations that have yet to occur, and again if I’m correct missed the March to October rally, all together.

My thought is that the general equity market will drift with a slight downward bias till year's end.....and that won't be particularly good for commodities, miners and the related. Winners I suspect have packed their bags for warmer friendlier climes, while those who need to make a living or are trying to make a come back trash it out in a disorderly lower volume uninspiring trading range till the new year....Dusting off the suitcases myself, thinking there's more frustration in the last 20 odd trading days of the year than much else.....
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