Thanks to a poster informing me of your message, I will respond, but briefly. I have only read a portion of it so pardon me if I missed some cogent comment of yours.
It is obvious that the sky over your OSX/E&P holdings (if any) did fall. Alas, the sky did not fall over mine nor, many others.
In fact, it held extremely well during the swoon you refer to. I like to think the fundamentals had something to do with that.
So, be it.
You like to trade and I like to invest. I find it a gratifying endeavor and I'm terribly pleased with the results. I trust you are pleased with your style.
Had I followed your advice, I'd have missed some nice moves and ruined some holding periods. I didn't and I'm glad I didn't.
You subject yourself to contrarian remarks by pushing your gold case to the point of nausea. You also distort its performance by showing 50 day returns. Try showing them from the beginning of your push, say, around early Sept. and we'd see a different story:
NEM down 6%, not up 21%
XAU down 1%, not up 13%
OSX new highs
AS for the broader markets and the NAZ in particular, calling for a decline made you one of countless numbers to do so. Who around here really needed that advice?
Constantly stating the obvious makes it no more important.
SOB, this will be my last communication with you. It should make your year 2001 more pleasant. It will surely do that for me.
As a New Year's resolution (if you're into that sort of thing) I'd suggest acquiring an appreciation for some new words. Words like: Brevity, Terseness, Humility, Accomodative, and above all- Truthfulness.
Try to loosen your grasp on words like: Vindictiveness, Paranoia, Bullshit, Prevaricate and Braggadaccio.
You'll like yourself a whole lot better and it's for certain that the rest of us will, too.
Good luck in your new year. |
