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Gold/Mining/Energy : Precious and Base Metal Investing

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To: lbs1989 who wrote (4652)	7/26/2002 3:24:09 AM
From: TheBusDriver	of 39344

Well it seems so, so far. However, I think there is a good chance the boyz will take it briefly down before the next rally. Gold is in a downward channel and there might be one more down impulse down before the next run. I like what the speculative investor has to say: "In order to set the stage for the next rally a brief drop below $300 will probably be required, but we have no preconceived price targets The most likely outcome over the next month or so is that gold/silver shares will consolidate above Wednesday's lows as gold and silver prices work their way lower. We emphasise that the recent declines in both gold and gold shares have been normal bull market corrections taking into account the magnitudes of the preceding rises. Equally ferocious corrections occurred periodically during the internet stock boom of the late-1990s with each sharp downturn being widely thought to be signaling the end of the bull market. As it turned out, the bull market was widely thought to have ended on several occasions before it actually did end." speculative-investor.com I am keeping my power dry for a dip. Often I have noticed a dip especially in stocks before they start a good run. I am on the lookout for this. Sold my CBD back at $2.55, holding everything else. Bought CKG and will get more below $1.70. Would like some RIC also but waiting..... Wayne

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