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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (18728)8/29/2003 9:39:51 PM
From: ralfph  Read Replies (2) of 39344
 
Russ I have been around well before the inception of this thread. What you have posted is very true.

BUT.......

(1) are we watching for a pullback and resumption of this Bull run ?

(2) The general markets are in a Bull mode. Alot of us expected the general bull to die months back, it keeps moving and should not be discounted.

(3) American Election ...what usualy happens in the year before an Election ? The year after ?

(4) American money printing policy- what effect does it have on PM prices. I thought gold and the American buck would run in opposite directions...this does not seem to be the case.

(5) What affect will China have ? I have the feeling it has just opened one eye. What happens when it shrugs its shoulders or gets out of bed. Could China have a bull run ala Hong Kong. What affect could a run have on metals...on gold.

(6) If we have another 911 it will have what impact ? I think it will have some but like the bombings in Isreal after the first one each additional occurance has less impact and after awhile it will have none.

If you look at the Gold chart and draw a line at the closing lows and another at the closing highs it looks to me like we are about to hit one of those points where some sort of breakout (Down or up ) will occure. This will be in the latter part of Sept I think.

This is all very hard to factor in.
I agree we need to watch our asses.

But many of us where in so damn early we bought in under the basement . These prices may represent the ground floor for all I know. I want to get off but at the same time why should I settle for the first floor if the elevator is going to the penthouse? The trick we are all trying to figure out is just how high does this elevator go ?

Next trade is in Sept . Silly season is apon us. at least it would be if this was a normal market.

regards
ralfph

Not elequent
can not spell
Up 100 % as well.
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