Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (3980)	5/29/2002 8:52:19 AM
From: lbs1989	Read Replies (2) of 39344

Dear Russ, Like you I am torn between two themes. One,the big boys aren't done yet. In fact like John Paul Jones they may not even have begun to fight yet. On the other hand before gold got leprosy and went to $252 it was around $400. For me that is still the base case and gold will not only revert to that "mean" at some point ,it will go past it before coming back to some new level. So do we buy and hold with stops? Trade in and out and buy on dips and sell on technical highs? As we discussed earlier there are so many potential Economic and Political flash points that I believe it is too early to be (1) heading for the exits and (2) calling this a BULL market. I think it is another kind of market but I am not sure I know the economic term for what happens to a good or service that has been artificially depressed in price and then can't be reasonably contained anymore. Best Regards,

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