Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (29043)	3/4/2003 7:17:21 PM
From: Ken Reidy	Read Replies (2) of 36161

USD falls to new multi-year low tonight. Falling fast. With this in mind, what is wrong with the strategy of going long HUI type stocks at this level? Investing is about risk/reward. Strong HUI support lies just below and provides an obvious stop loss. Reward to the upside could be substantial if the SM and Dollar continue to weaken and Gold goes back up to test the $388 high. Seems riskier to be out of Gold stocks here than to be in them.

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