Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: isopatch who wrote (3894)	11/13/2001 12:52:48 PM
From: SliderOnTheBlack	Read Replies (1) of 36161

Iso re: "Same old.... Crank the buck & push down the yellow." ...agreed. I think traders who were in early are taking profits & triggering some stops during this "pushdown" and those who arrived late are getting shaken out. HGMCY popped from $4.50 to $6 and now looks ready to crack $5 again, KGC looking ready to test that .72-.78 support and NEM - which is the BAROMETER stock to watch has weathered the storm well; but may retest $20/$21 and $18 if seen again would be "Call-City". Nothing fundamental has changed in the case for gold; in fact all the catalysts are looking better than ever. But, we should see a re-test of XAU 45-48 levels here shortly imo. I'm holding core positions and patiently waiting to lever via some calls. I don't think there is any possible way we re-test 41, or go to new lows - given the liquidity re-flation ramp. This will be "THE" double-bottom re-test shakeout that will be the one to load up on imho...and an entry opp for those who missed the prior run. Silver in the $3's may be coming - I'll be buying some physical there....1,000 oz bars for doorstops & paperweights (vbg). They've kept the canary in the coal mine from sounding the alarm rather well; but poor Q4 & Xmas retail #'s will bring a cold reality come Feb-March....they're running out of basis points ammo quickly - as they stare Japan Deja-Vu in the face. They can't take Mortgage Rates much lower and nearly everyone who could refinance - allready has, or will have shortly...and then that vehicle goes dry. Greenpimp is running out of tricks...tic toc' The BEAR is still alive & well...he's just getting hungrier & meaner.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next