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Strategies & Market Trends : Strictly: Drilling II

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To: Jim Willie CB who wrote (28465)2/20/2003 9:52:23 PM
From: Clappy  Read Replies (5) of 36161
 
pullbacks after substantial runups can also be substantial

Yes. However, this pullback in gold has yet to become
substantial. If it did, it may present itself as another
good entry. This isn't that time.

I'd rather see a successful test of $330 Gold. Even then
I'd be nervous.

If we start seeing $1 gas (or lower) and/or a possible
break up of OPEC, you can put off the disintegration of
our economy for a little while. It might take a little
longer.

You speak of things as if it is guaranteed. There are no
guarantees. You don't know what's being cooked up right
now by authorities greater than us.

Another thing that cracks me up is when I begin seeing
investment newsletters trying to teach me how I can catch
the next great gold rush.

I see several dudes racing to become the next George Gilder
of Gold. And I see the same people who flocked to read
the great wonders of technology all of a sudden begin seeing
nothing but yellow these past few months.

They are salivating. Gold is beginning to taste like 5000 Nasdaq.

Sure it might be early in the game because my dimwitted
Uncle Harry hasn't told me that he's fully invested in gold
yet, but I sure ain't waiting for that day to happen.

Some people can tolerate those long violent corrections.
Not me. I'd rather try to get in on something before it
gets parabolic, rather than during.

If the world is going to hell in a hand basket why not buy
some crash puts as insurance instead of putting a greater
amount of money on a two bit strip miner who accidentally
discovered they "might" just happen to be sitting on the
mother load. I like how they let these rumors get outside
their walls for message board twits who can pass the
gossip around and become billionaires.

You practically got slave labor digging the stuff up in SA
in God awful working conditions and I'm supposed to want to
be a part owner of the fuggin company?

I think I'll wait for when my odds are look better.

Not saying your style is wrong nor your analysis flawed. I
just don't have the time to learn it all. So I only get to
ride part of the way up. It's the price I have to pay.

AND I WILL RUB YOUR BIG NOSE IN IT ALL THE WAY UP


I hope you don't.

I got four letters for you.

QCOM

:)

Just fuggin with ya JW. I know you know your stuff.

I don't. So I'll trade it instead of LTB&H.

-Clappy
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