Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	8/22/2001 3:16:45 PM
From: JWest0926	Read Replies (3) of 36161

Personally, I don't expect a significant gold rally ST. While here we are all very intelligent people here, I think the bullishness is a bit overdone ST. Our bullishness just confirms the bearish COT #'s as well as the RYDEX numbers available on the MITA thread. My gut feel (not based on E-Wave) is a couple weeks of backing and filling, to work off the optimism before the rally really begins. I am as bullish as any on GOLD LT. In fact, I am 25% long right now because I am more worried I will miss the rally than I am that gold will fall in value. I just feel that the gold market requires patience, and its not yet time for liftoff. However, should the yellow metal hold above last weeks highs, I will continue loading the boat. FWIW, JWest0926

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