Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Jim Willie CB who wrote (28286)	2/18/2003 12:37:17 AM
From: SliderOnTheBlack	Read Replies (1) of 36161

Tokyo-Jim re:USD/Gold-use the Michael Waltrip Method ! Michael Waltrip's strategy for winning the Daytona 500 yesterday... is a perfect analogy for trading this Gold Market...and for specifically answering/addressing a weaker USD and how/when it impacts Gold Prices. Michael Waltrip made a brilliantly SIMPLE strategic decision on how to Race to Win yesterday. Everyone else was focused on how the weather, re-starts/delay's etc would impact Race Strategy. Waltrip decided to win the portion of the "race" that was presented to him, that was at hand...and worry about winning the post-weather delay race...when & if it ever stopped raining and there was a post-weather delay continuation. The same parallels exist in the Gold Market. Trade to win the "race" that the Market Presented to us here... whether this is merely a subcycle within a much broader Secular move for Gold, or whether we just hit the highs of the entire Cycle and it's now over; can't be presently determined by anyone...and it might be all the "race" there is... so first focus on "winning" the Race that the Market just gave us....and worry about winning any broader, continuing secular races - when & if they present themselves. ...same for the USD. No guarantees that USD 95 = POG $400 ..............that USD 85 = POG $450 ..............that USD 80 = POG $500 No guarantees that any potential flight from the USD will automatically end up in Gold, any more than the Yen, British Pound, Swissie, SA Rand, Australian, or Canadian Dollar....it's just speculation....just as it's speculation as to how far the USD will fall and perhaps most importantly; whether things have shifted to where a lower USD to a certain level, won't actually be strongly positive for the USA. So Trade & Win the Gold/USD relationship/"race" that is in front of us now...adjust to the dynamic changes that the continuation of the Gold/USD relationshio-race presents - when & if they present themselves later.

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