Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Cogito Ergo Sum who wrote (25355)	1/11/2003 12:14:50 AM
From: Bert	Read Replies (1) of 36161

Hi Kastel, I don't know if it's time to move on until the daily charts top, but..it's just some bearish commentary within a decidely bullish move...on a gold bug web site....I see definite signs of topping...increased buying at the ask on L2 without price movement, indicating shorting...the #best numbers are skewed to the ask on L2, which indicate shorting...no highs being taken out forcefully in the miners...HUI failed to punch through the early summer's highs, although the entire world is perceived as falling apart and oil is cooking...the general indices are not failing as of yet...the dollar is bottoming IMO...GW is putting the pedal to the metal going into the 2004 elections...there is no war yet, just a building of Little America in the ME, and support for war is waning rapidly...N. Korea will resolve itself methinks...just a political move at this point...gold charts beyond the daily scream overbought...CRB overbought...blah, blah, blah...I don't see gold/silver getting whacked ala Prechter, just a healthy correction...commercials are shorter this week...perhaps they are planning on covering at higher prices...ya think? The chat on the bear/gold threads is intense..reminds me of the Naz in early 2000....Anyways...to each his own...you know what I'm doing...of course there's always that lurking "rogue wave event".....Good Luck... Bert

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