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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject	2/13/2004 12:15:24 PM
From: ItsAllCyclical	Read Replies (2) of 108737

The Dollar intervention is so blatant given these trade numbers this morning. I agree the market could take a big swoon here taking everything down with it. Hence why I'm only 30% gold vs a much larger position here. I don't plan on selling the remaining 30% as my position are holding pretty good here and my shorts at 15% will be enough of a hedge if things get really ugly. Zeev has a dip to around 1900 in the next 2-3 weeks I believe. Sounds about right to me. In that environment I think golds will continue to grind ahead assuming no big 1-2 day flush. Waiting till the end of the day to see about adding any more golds. Feel very comfortable with my current weightings. I see maybe another 5-15 pts downside on the HUI with 5-10 being the most likely imho. If gold breaks 393 on a closing basis then I'll likely sell. The way the Dollar is being ramped smells like panic to me.

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