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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (24039)10/9/2002 3:47:01 AM
From: maceng2  Read Replies (1) of 74559
 
Hi DJ,

My main investments are in the Gold/Silver miner sector so it's an area of interest. I am expecting volatility.

Here is an interview with Carl Swenlin of decisionpoint. His site specializes in technical analysis. His outlook for the stock market in general is grim. S&P500 P/E ratio still way above historic values, property and debt bubbles ready to burst. T/A pointing almost vertically downward. Dockers lock out has very bad implications for the economy already in terms of inventory imbalances and JIT practices. (Some people point out that the products wouldn't have been sold anyway. Fact is the implication is still bad)

Second part of the presentation is a long, medium, and short term look at the POG. It's used as an example of how to use TA. In each case the interpretation is neutral to long.

decisionpoint.com

My personal interpretation is that we might see some big disturbances where the POG might go low as year lows, even a tad lower, in the medium term. So a cash position is a most important factor in my little portfolio. The factors causing the big disturbances? (i) Stock market crashing (ii) Stockmarket recovering [even if short term] (iii) central bank manipulation (iv) flight to cash. (Xmas prezzies too of course -g-). Long term I am still bullish on the POG.
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