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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Cogito Ergo Sum who wrote (8090)2/25/2003 12:21:47 PM
From: Eva  Read Replies (2) of 39344
 
Pst, looky here what my favorite poster on Kitco is saying:

Date: Tue Feb 25 2003 12:15
trotsky (permabear) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
exactly right - don't short a dull market. what's more, the aggregate short position in gold stocks, put/call open interest ratios in gold stocks and gold futures contracts, as well as the tepid WS guessers ratings for the sector all are wildly bullish actually. as are the many skeptical articles on gold that have recently appeared in the non-financial press...they all espouse the 'war consensus', i.e. the view that the beginning of the war will spell the end of the gold bull. of course all these factors are in flux and the picture might change for the worse at some point. but this is the current state of affairs. recall also that the gold timers watched by Hulbert's are all out of this market right now - and those guys are indeed an extremely reliable contrary indicator ( similar to the guessers at WS houses ) . as i've mentioned a few times recently, i don't think the corrective period is quite over yet, but there's no reason to throw the towel regarding the big picture bull as such. one should actually buy weakness imo.
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