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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (20904)10/29/2002 9:51:05 PM
From: Crimson Ghost  Read Replies (1) of 36161
 
I am not an E waver. Have a third of my desired gold position.

After today's action a sharp drop in POG looks likely in the near future. Gold stocks should fall as well -- but not that much IMHO considering how far they have dropped already.

When POG plunges, but gold stocks do not follow -- that will be the time to take a full position. I am still looking for the XAU to break 100 when phase 2 of the gold bull gets underway in earnest.
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