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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (287)8/21/2001 9:32:53 AM
From: Paul Shread  Read Replies (3) of 36161
 
Great comments, Iso. I never fail to learn from you, and I appreciate the time you take to explain things.

>>The very definition of a major Bull Move in a stock or sector is when it gets and stays overbought for long periods of time.<<

Absolutely true, but something I haven't seen in a long time, so I must confess I wasn't looking for it.

Someone here last night - I think it was Frank - mentioned that gold might suffer because the economic outcome could be different than expected.

I see two possible outcomes here: inflation or deflation, and the price of gold has historically been stable or grown under such conditions. JMHO...

Best,

Paul
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