Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Claude Cormier who wrote (9669)	4/12/2003 12:27:43 AM
From: Canuck Dave	Read Replies (1) of 39344

I'm neutral to mildly bullish on gold and silver right now. The commitment of traders on both have gone pretty neutral, and for the first time since I've followed it, large speculators are net short silver. Plus many of the big silver and gold stocks have been edging up the past week. They are usually a pretty good leading indicator of the spot price movement. I entered a few silver positions last March 12, and one by one, they're going positive. I know you are impressed by the Elliot wave people and they are predicting a down move for gold. It could happen, but there's waves and then there are waves. Personally, I don't believe that future prices of any asset class (e.g gold versus dollars) are some function of the past ones, particularly when the one of them is subject to political whim. Caveat Emptor! CD

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