Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (26771)	11/4/2003 11:22:55 AM
From: Archie Meeties	Read Replies (1) of 206093

Que, I think ng prices prices have a lot more work to do on the downside so I'm not in a rush to turn bullish. I do think that the cure for low prices is low prices, and I'm already looking forward to the next bull run in the OSX. I just don't think it's going to happen this season. In fact, I think tax loss selling will take many broken issues much lower. My best guess is that explorers will respond to lower prices by reducing activity. In 2001, the big change in permits came as spot prices moved under $4. We're right there now, with many unknowns about the future. The data we do know, however, is bearish. As for my low - I recently revised it downward to $3.05 spot. Message 19385395 I don't think this will happen this year, but maybe this season.

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