Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: russet who wrote (11702)	5/3/2002 4:45:46 PM
From: Roebear	Read Replies (2) of 36161

russett, Your note of caution regarding the pm exuberance here is appreciated, there will be a time to turn that caution into action, but I do not believe that time is yet. SDII and the few bullish PM threads on SI are still a minority on the SI forum, which in its totality is a minority compared to the investing and trading world. It could take quite awhile for our little butterfly wings to start the breeze that stirs the Typhoon that washes away the gold parade. Furthermore the down drafts and profit taking evident show that this lil gold rally is more of a wall of worry than an exuberance for most trading this game. Another thing to remember is that 850 in 1980 isn't 850 anymore: westegg.com With that comparison, my chart targets of 350 + 400 for this little gold rush I feel are modest and conservative. After all, it was just a few years ago that 325 was just a spike that left us with a quick kiss and a promise. But now that little peck on the cheek is on the left side of the pattern and we are climbing the right side, it's going to be a red hot affair with the golden hair, not just a one night stand, before it's over! Best Regards, Roebear

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