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Strategies & Market Trends : Group Therapy

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To: E. Graphs who wrote (3296)3/29/2001 4:21:12 PM
From: Wolf 2  Read Replies (1) of 4564
 
E!:

Come to think of it, why haven't you said anything about gold? <g>

Curses! Foiled Again!!!...I was hoping, obviously in vain, that you wouldn't ask me that<g>.

While I don't see any downside from current levels, I can't see a lot of upside either except as a result of a flight to what some may see as a refuge from a severe recession. Certainly, anything that at least holds its value in the midst of a large correction, is not to be dismissed. In my case, the oils are filling that role in addition to providing decent income so unless and until that sector turns down, I won't be buying precious metals any time soon.

In the mid '70s, I had a lot of fun buying and selling the actual physical commodity (no cap gains tax at that time if a bar of gold was the transaction medium) but those days are long gone....Memories...

Regards,
Wolf
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