Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: longdong_63 who wrote (26239)	1/22/2003 6:48:40 AM
From: jimsioi	Read Replies (3) of 36161

longdong, we must maintain decorum First, any sign of excitement will be taken as an embolding contrary indicator by the sellers and likely will lead to a fall.....In fact I see gold has fallen 50 cents in the last 5 minutes.... No, the appropriate view is that any rally from here is temporary and that there will be a correction. $330 and 100 are the numbers for Gold and the HUI, respectively....The reasons are plentiful.....The dollar is bottoming at 100 itself....Gold has rallied to far too long without a correction and the miners foretell of one. There isn't a single reputable analyst who CNBC will have on their program who is calling for a non-corrected extension of the GOLD rally. Gold mutual fund managers are holding back....Long term capital gains are to be locked in....Crude as we are learning is coming down. AND we know as soon as war breaks out the dollar and US stock market will rally and commodities will fall....I mean look at 1991.....Won't be any different this time.... Best advice I hear is to lighten up and sell right here…..This rally may last till lunchtime but we have to have a correction….so I've read it said everywhere. I offer you a Weekly Gold chart....see .... it's gotta come down, they've run out of room on the chart... treasurestatefutures.com

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