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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who started this subject	3/16/2003 7:22:55 AM
From: crustyoldprospector	Read Replies (3) of 39344

Alan Newman's latest, in its entirety, with background leading to his 2003 target low of DOW 6400: cross-currents.net Bought DJX puts on Fri after having sold sold early last week and week before. I agree with Zeev that we see DOW 6900+/- by mid-May. Here is my current roadmap. Can't seperate general markets from PMs, because it's all the same part pot!: PMs will act invesely to the general market until early May (HUI reaching 180) then likely follow the general market in a down-up-down (DOW 6900-7600-6000, HUI 150-180(200?)-135) that ends late June to mid-July for DOW. A slight pop in HUI will be followed by third wave down to HUI 110 in late August, which is a 50% retracement of the first mega-wave move from 35 to 180. Dollar will have a snap-back rally coincident with stock market rebound and gold stock decline. The lows in gold during August will shake-out a lot of folks and bring on claims of the death of the bull, casket-dancing by folks on SDII, etc., and then HUI rockets to 220 in May 2004. Always gotta have a map, even if no one else likes it. Regards, Ian

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