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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (6662)4/8/2004 12:48:46 PM
From: Silver Super Bull   of 313529
 
CD,

RE: "You getting any sense of the precious metals markets right now, DB?"

Well, it is very challenging as there are a lot of conflicting signals. But from what I can gather, there might be a short-term shakeout in the precious metals and shares. But a confluence of factors are highly bullish within the next few weeks, one of them being the dollar will fall like a rock, way below 85. This, along with other factors, could lead to an unbelievable rally in the PMs and equities.

Also, I think we are seeing unreal (the second largest in history) distribution in the general stock market. When the decline will start is up to debate (a small chance of a manic blowoff) but watch out below when this starts in earnest.

Many think that PM stocks will get caught up in a general stock market downdraft. It should be interesting to see...but my vote is no.

DB
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