Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Eva who wrote (15766)	7/15/2002 2:47:49 PM
From: isopatch	Read Replies (2) of 36161

Hi Eva. Important factoid. As a 70s veteran can say from 1st hand experience that during the 1st major leg up in a PM bull market, the stocks lead. But they also open up such a huge divergence vis a vis the metals themselves that physical gold begins to narrow that canyon a bit after that 1st major leg up is complete. Many posters here correctly called completion on the 1st important leg up in our cyclical PM bull market, not long ago, at $330. BUT...... Far from being bearish inter-market price action - as George might say - IMO, what we are seeing is some perfectly normal firming in physical gold that is about due at this point in a PM cyclical bull market. Of course, all this JMVVHO. Hope the market is treating you well. Cheers, Isopatch

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