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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (1301)	12/23/2003 3:08:42 PM
From: Louis V. Lambrecht	Read Replies (1) of 313689

Should analyze the metals deeper, first feeling is that they are a tad overbought. Metal eqities also had a nice move, also a tad overextended. IMHO, this is a "China effect" bubble soon to be corrected. Am not a buyer of metal equities at this level. There is no economic recovery, just a rotation in the production centra. Someone has to buy production, and there are no buyers, hence, no buyers for refined metals, hence, no buyers for producers. Even China has to find buyers. IMO, "big" mining stocks already are moving back to "normal". I prefer to buy below "normal" <g>.

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