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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Fishfinder who wrote (21698)10/4/2003 4:46:36 PM
From: Proud Deplorable  Read Replies (2) of 39344
 
Scott, are you privileged to inside info ?
You said you sold 85% of everything on Friday except for 2 items. The obvious question is when did you sell ? You would have had to sell within 5 minutes to avoid the losses for the day. If you sold before the very sudden drop then you must have been told it was coming because most of the stocks dropped so fast that many were taken by surprise and couldn't act. By luck I had an order in to sell CDE at 3.27 and it got filled just before the drop. If you sold at the end of the day then you may prove to be the weak limbs that got shaken.

Now that its Fall, go out and look at the fallen leaves. Those represent a sudden wind that came up and took most of the weak leaves off the trees. Fall has just started. The strongest leaves will not fall until the proper time which in the case of the gold bull is many years from now.

If you figure that the "flag" is going to be flying at half mast for a while longer then you will look smart but if it reverses suddenly over the weekend, say upon news that Israel kills Arafat, then you will be left in the dust.

Selling IVN makes no sense to me. It's the most watched PM stock right now. If it didn't fall Friday it won't imo. IE (IVAN) was also up.

Good luck to us
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