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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.03+3.0%Nov 7 4:00 PM EST

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To: yard_man who wrote (75243)8/18/2001 11:02:02 AM
From: Rarebird  Read Replies (3) of 116753
 
<I'm going to stay long and ... probably wrong.>

When I first got wind of the COT's a little after 3:30pm EST on Friday, I took a walk on the beach by myself and asked myself again why I'm long all these gold stocks. All but one are profitable for me at this point, and it wouldn't have posed a problem for me to sell except for the fact that I'm convinced the USD is headed much lower. So, I remain long. I know the USD is very oversold short term and is due for a short term bounce.

To think independently can be dangerous sometimes when the Big Money is aligned against you. But I think I'm fundamentally right rather than the Commercials here so I'll average down if these despairing Dudes get their way again here.

To be a winner in the financial markets, one must have the courage to be oneself and think for oneself. One must know how to stand alone without first waiting for heralds and signs from above.
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