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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Andrew who wrote (52871)8/9/2001 12:32:28 PM
From: Vitalsigns   of 62348
 
No Andrew,

I always had a 1200 or lower target on Nas but it never goes in one direction . I was bullish in April until july, I posted my views on Mirc last January to March and have followed the same script. I never said the economy was going to be strong , I only played the market on its upswiing which was inevitable in late march early April, and subsequently the june /july range top. The top came in May which was a bit of a surprise to me that we didn;t get a bigger push after ,but looking back , when every one expects the same rally, it never occurs .

Parker says it is darkess before the dawn, but I say we are just about ready to see the sun set and it is not even dark yet.

There will be more rallies that will last more than a few weeks in the future but not now, its too early yet

as far as the US dollar goes, the writing was on the wall in early spring. The gold bugs were salavating then but I did mention to them that the rally could not be sustainable until the fall. Then and only then would Gold have enough going for it to make a sustainable rally. The break came a few weeks ago at the G8 meeting when the first wiff of a policy change was mentioned publicly. SO the fall rally may begin a little sooner but it will happen for gold.
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