Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jrhana who wrote (24789)	12/1/2003 6:35:35 AM
From: jrhana	Read Replies (1) of 39344

Cold water from Hussman: <In gold, our simple but effective 4-indicator complex (see Going for the Gold ) has shifted to a fully unfavorable stance. Our more complex and proprietary models are no different. While I do believe that precious metals have long-term merit, I am concerned that short-term traders may be playing with fire, particularly given the high volatility of gold shares and a steeply overbought condition. We currently have no position in precious metals shares. That's not investment advice or a recommendation that other investors should sell, because we're very comfortable completely missing any further advance in gold stocks that occurs in what we view as a hostile Climate. Still, the potential risks are worth noting, and investors with substantial holdings in gold here should be certain that they have a long-term horizon and a similarly patient risk tolerance.> investorshub.com I wonder how long it has been since Hussman had any significant PM position? I am sticking with Richard Russell and The Privateer for now at least, but it is always good to remind ourselves that nothing is for sure.

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