Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Ron Dior who wrote (66764)	5/14/2002 12:20:21 PM
From: ItsAllCyclical	Read Replies (1) of 99280

>> Gold and Oil are the best short candidates going. There days are numbered. << My point about oil/energy is that I was in back when it was $12. I haven't been in energy since the economy broke down. It's no longer a contrarian play. As for gold a pullback is likely, but nothing more. Long term we're going much higher. You don't end a 20 year bear market in precious metals with a 1 year bull market. Long term gold will first hit $400 (1-2 years) and then most like 500-600+ (2-5 years). Beyond that who knows. So many catalysts for gold. But keep buying tech and we'll compare notes every year. Right now gold shares are ahead of the metal, but rather than signaling a massive pullback in gold shares I think it's signalling that a breakout in the underlying commodity is very near. Near term I like silver plays more than gold.

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