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Strategies & Market Trends : Ride the Tiger with CD

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To: Louis V. Lambrecht who wrote (2946)1/25/2004 11:37:29 PM
From: Proud Deplorable  Read Replies (1) of 313740
 
<<I am open to all arguments, as I really don't know what to trade next.>>

ADB looks like a very good purchase now, should be 5.00 based on silver alone but that's not where the big action is on this one.

Saville thinks Platinum and Palladium will outperform gold and silver and if Palladium breaks above 300.00 then watch out above for the Palladium stocks.

Don't worry about temporary corrections. I just came back from the gold show and the consensus is that Bush will likely be the last president of the United States. You can figure this one out? Hint...we'll never get rid of him just as Hitler was the last Furher of Germany. The crowd roared with laughter throughout the panel with Michael Levy, MC Doug Casey, Adrian Day, John Enbry, Ian Gordon and David Morgan. Again the consensus is that the USA is "FINISHED". One heckler didn't like the panels anti-Bush statements but he was shouted down and someone hit him over the head with a chair.

I saw Bill Murphy and Bishop ("broken record") and Paul van Eeden.

Sorry but these guys know ten times more than the gold company personal at the booths.

Oh, most said they felt that Bush cannot hold rates down until August and when all is said and done the interest rates will be about 20% sooner rather than later.

I can see this happening and feel it is bullish for gold even though one might rake in huge amounts of dollars if they switch out of gold to currency but I don't think that this will happen this time. This time I see people flocking to gold because they fear a total collapse of the dollar. People will ditch their homes even if rates climb 2% points.

This is the end game folks I'm sure. I an going to quit listening to those who say get out of PM stocks except as short term trades because it is likely that an attempt will be made to suport the dollar but this will most certainly fail and any correction to the 390.00 level will be short lived and will not inflict much more damage on the gold stocks. I see gold stocks now as a buy not a sell.

I visited the SUR booth. I wanted to meet Rennie. I watched him closely and could detect nothing that would indicate that this was not what he claimed and so will be watching this closely.

Hunter Dickinson:
ARQ is looking good as is Farallon but NDM can be put aside for a few months in my opinion.

It's cold in Vancouver.
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