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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (2116)	1/10/2004 3:12:22 PM
From: loantech	Read Replies (2) of 312470

Dave, <1. US is up to its ears in debt.> Yes and another refi-boom or steady low rates may keep the debt manageable on paper anyhow for a time. 2.Europe is not raising rates. 3.Yes. 4.China is trying to clean things up as they go along and in my "blind" guess I would assume they are accumulating physical gold and silver. They could strengthen the Yuan and weaken the dollar and at $1.50 per day double what they may pay a worker now they will still have the competitive advantage. I think we are in a long term bull market and we are not even close to the bull where increases do not correct. We will get to where gold and silver have maybe 6-18 months of uninterrupted rises that will shock and awe. But I just don't think we are there yet. Because as Richard Russell says, the bull will buck as many riders off as possible on the way to the top (or words to that effect), and I agree with him. Until a huge blow off that may make us very happy, but are we there yet? But I am staying 100% invested for the time being. I am just saying a correction may come but as I think Marc Faber said, take you positions and ride them to the end of the bull. Choices! Tom

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