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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (22183)11/21/2004 10:40:48 AM
From: loantech  Read Replies (1) of 110194
 
Darfott,

I think you are wise to be in energy. For what ever reason I got into the gold stocks 5-6 years ago and lost my but up until the run in late 2001.

Energy makes a lot more sense as we need oil and NG. I am unsure if we really need gold though some say using it as a currency base may keep central bankers under control. But oil and NG are finite and with the world the way it is it seems like a sure bet. Producing areas are unsafe and a lot of growth world side up it goes. <g>

I just know very little about investing really. I follow Claudes' picks and made good money on some old names like HM before and during the TO, HL old silver and RIC a conservative gold stock. All bought at way oversold levels in early 2002.

<PF up 350% + last 3 years> Almost all pure luck on picks and lucky on some timing.Most important thing as you say is recognize a time to sell and get out and walk away. And that I will do before many. I am not waiting for $2,000 gold or even $32,000.00 gold. LOL.

<(although when i hear Richard Russell is bullish i start running). >>>>>>>>> Isn't he sort of a perma bull like I have been? But I hear you, when the drum beating gets really loud it is time to sell. We may be close like you say. I own CC's drilling plays so maybe some results will out weigh market trends.

<the anti-USD trade seems to be reaching another extreme>

That is a big 10-4. Hey you sound pretty sharp and I am getting tired of all this should I hire you as PF manager? <g>

Best to you Mr. D.
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