Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (16627)	7/29/2002 5:56:01 PM
From: Little Joe	Read Replies (1) of 36161

George: I would not be surprised to see Gold below 300 and maybe lower. I think it is even possible that we will see a 100% retracement. On the other hand a more likely scenario in my view is a break to 270 or 280, don't have my chart with me to be more definite. I think the current rally is a sucker rally. I am going to stand aside for now. But looking for a place to get in. Also, the situation from a technical standpoint is very fluid and my opinion could change quickly. I think gold is and always has been a market for the nimble. The above comments apply only to short term. I am maintaining long term positions. Little joe

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