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Strategies & Market Trends : Mike's Big Adventure Trading Forum

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To: Square_Dealings who started this subject6/7/2003 2:11:12 PM
From: Square_Dealings  Read Replies (1) of 1791
 
Ok now that the market is topped out <g> I would like to fire up this thread again. Welcome stock ideas/ technical analysis etc.

Heres some stuff I like now:

Gold/Silver

GSS
WHT
HL
NEM
FCX

silver put in a nice stick on friday with gold down 5 bucks

futuresource.com

Pretty sure gold is going for a big leg up over next 2 or 3 years. Silver eagles or any physical silver is probably a good risk/reward (maybe better than gold) here imo.

Energy

DNR
MHR
KWK
SWN
NEV (after pull back maybe 14.75)

Commodities (hot - falling dollar/draught)

BG
CAG
ADM
DLM
FDP
SAFM (after pull back)

General market comments:
Expect the dollar to fall much further so I like things that benefit from falling dollar. I think crude is going to $60 over the next 3 years, gold to $700.

I think big cap tech is probably overdone here, expecting overall market to pull back some but not hard (yet). Mostly prefer safe plays in sectors above for now. Biotech probably has good opportunities but I gave up and missed some good moves on stuff like AGEN (had at 8!), hard to place hard value on stuff that could be invaluable -g-.

good luck
M.
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