Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jimsioi who wrote (17225)	8/20/2003 11:46:49 AM
From: TrueScouse	Read Replies (2) of 39344

jims: <<the really good news is that I have yet to hear it reported on CNBC that gold miner shares are making new highs.....>> Agreed... and they do continue to make new highs... Regarding your views on the COT positions, I tend to agree with Little Joe (and Saville) that they don't necessarily indicate a top or bottom when there's a major trend underway. I think of them as similar to many momentum TA indicators (such as the RSI), which can give continuous "overbought" signals during a strong uptrend. IMO it's better to just ride the trend till a key trendline is broken or MA changes direction. Regards, Howy

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