Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: loantech who wrote (9891)	4/17/2003 9:24:28 AM
From: Little Joe	Read Replies (1) of 39344

I have been watching all and my read is that we should expect a vicious down move in the markets. I am holding DIA puts and QQQ puts to take advantage of this. I also can see the dollar going either way for the short term, but I lean to it dropping because gold looks to be up, at least for the short term. I can't see dollar up and gold up for long. I am very confident in my short term call on gold. I am also very confident that the long term in the dollar is down. So I am likewise confident that gold long term is up. What is not clear to me is the intermediate term, i.e. the next 6 months. I think that while we will have a short term rally, it may be late summer or early september before the long term gold bull resumes, but there is a good chance that the intermediate bottom is occurring now and that the rest of the year will be up. Right now I am trading very short term. Little joe

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