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Strategies & Market Trends : Ride the Tiger with CD

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To: Cogito Ergo Sum who wrote (7159)4/23/2004 7:58:38 PM
From: siempre  Read Replies (2) of 313156
 
Adam Hamilton's latest article clearly indicates we have reached an important buy point for gold & goldstox....

205.232.90.194

"Both gold and the dollar remedied these unsustainable extremes by converging to their 200dmas. It's really that simple. Why fear the normal and obvious?

Rather than fearing, gold investors and speculators ought to be rejoicing today, dancing on the rooftops! Why? Examine the strategic context of the chart. Every time in recent history that both the dollar bear and gold bull have neared their respective 200dmas, it has marked the end of these countertrend moves. The primary secular trends always reasserted themselves soon after 200dma convergences such as we are witnessing at this very moment."
......
"Fear? To heck with fear! As contrarians we have to steel ourselves to feel neither greed nor fear, since both emotions are immensely destructive. I am unashamedly bullish in gold and gold stocks right now, more bullish than I have been in at least a year. It is not because I am greedy or scared though, but just because the charts are all converging to herald a magnificent buying opportunity right now."
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