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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (270978)12/15/2003 9:07:18 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
I like Lance, but I think he's thinking too much...if the dollar continues it's "controlled decline", gold and goldshares will do just fine. I'm adding selective shorts to cover the "generalized market debacle" scenario, I do think goldshares would get clocked in that case. Frankly though, I think the market bases or establishes a wide trading range here, while the POG rises and the dollar falls. In that scenario, gold rises and so do selected gold shares. He's assuming that we follow the same pattern we did during the gold bear, I assume we follow a more late 70's trajectory vis-a-vis gold. I think he's being way too dogmatic and ignoring obvious chart evidence to the contrary. Hope he's got some stops.....<NG>
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