Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Davy Crockett who wrote (53)	8/16/2001 8:29:47 PM
From: isopatch	Read Replies (1) of 36161

Hi Peter. Just talked to Roebear. He's gotta get that big lawn of his done before a storm hits! So, I'll try and fill in. Personally, I've found gold and gold stocks the most difficult group for successful application of TA and chart work. I use them but very cautiously. Even the flow of trades on the tape is sometimes so full of cross currents at to be almost useless! So since late last year, starting following the golds with more of an emphasis on FA than I use on any other sector. My loading the boat into mid-April as the 1st big up move was beginning was about a 90% FA decision. ST I still think we could go back to $272 on Dec gold and on the spot or cash price maximum risk looks like 268-70. Longer term? Very bullish. So it's important for me to remember not to over trade my positions. Will lighten some if my instincts tell me we're rolling over. But holding core positions through the minor corrections. Welcome to our new thread. Isopatch

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