Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: mishedlo who wrote (28451)	2/20/2003 6:08:28 PM
From: Frank Pembleton	Read Replies (2) of 36161

Mishedlo... it seems to me you want Slider to make and remake that call over and over again. I suspect he's generous enuff to continually explain it to the thread over and over and over and over and over and over and over and over and over and over and over and over again... Like I said before in a previous post-- tops take forever and a day to complete, Mr. Market really does want you to keep the money – that’s why everything is happening in slomo. But if you wait too long or wait until that much heralded 200MA starts pointing downhill it'll be too damned late for you to get out. It'll be like yelling fire in a packed movie house? Dude, the bids will disappear into thin air and you'll be left holding the bag. You got to ask yourself what gold is good for? We're in the middle of a recession and jewelry demand has effectively collapsed. Fortunately for old yeller, investment demand has picked up the slack. Now what if the U.S. does successfully complete its mission in less than 100 hours? What if all of humanity breaths a sigh of relief and consumer confidence thought-out the world rises? The fact is the Central banks of Europe are, at this very moment, in talks about renewing the Washington Agreement (will expire in September 2004). What if they decide to substantially raise quotas because of the “temporarily” strong PoG? Like Sinclair says; gold as money? -- get into it....gold as a commodity? -- get out of it. Anyway... I'm not perma anything and everything I said in my last paragraph I see as a trading opportunity. You should too... Regards, Frank P.

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