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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (16604)12/19/2002 11:17:21 PM
From: ubetcha  Read Replies (1) of 81944
 
Searle,
I too think that this rise is multi-year. It is not short term. I would not be surprised if it is still going up 5 years from now.

"I say this because all the "experts" I hear on TV are uniformly bearish and negative and keep talking about the limited upside and the big downside." Last night on CNBC's Kudlow and Cramer---Kudlow mentioned the current gold rise. Said that it was short term, but did show that the Fed was putting the proper amount of money into the economy and that it showed signs of very mild inflation. This was very good as it meant that we would not have deflation--which is much worse.

"Gold shares may be something else because I think gold share holders are generally very skittish and view their holdings more like a male rabbit views a female rabbit (quick in and out) and not as something to be kept for the longer term." Right on. They have seen the buy and hold strategy of the tech longs and see the futility of that strategy. As soon as profits are there TAKE THEM!! I do not think they have any more feel for this market than they did the last one.

I may not either, but I have learned that the best shot is the person who can pull the trigger the slowest. Must not be to fast on pulling the rug. Will be in this for a while. Personally, I hope that we are on a long march, and not a rocket ship. I have time and patience.

Terry
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