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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (5212)12/12/2001 3:39:36 PM
From: isopatch  Read Replies (1) of 36161
 
Gold cranks....Buck tanks.

quotes.ino.com

quotes.ino.com

$64 question is will the "gimmick gang" try another post rate cut prop job on the $ and slam the yellow. FWIW my thinking is risk window for that isn't past us till early next week. As for me, just staying with my buy signal nearly 2 weeks ago. No selling ONLY buying in the golds since that call.

In fact? Today's 1st time in months that am back in any kind of silver play. Grabbed a fat chunk of PAAS on todays breakout. Will add into any dip the gimmick artists try to engineer in the precious metals.

PM sector now 30% of portfolio (up from 25%). Reduced fixed income positions from 13 to 7% yesterday with small profit in another preferred.

As hoped, that's been a very good place to park money - for better than the pitiful MMF returns - while waiting for the next signal on strong cap gains opportunities. Now that's occured have reduced bonds and preferreds from almost 40% to 7% of the pie during the past 2 weeks with proceeds going to PM stocks and Cash.

So far....so good.

Isopatch
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