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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: big guy who wrote (39567)	2/26/2005 10:30:40 PM
From: profile_14	Read Replies (1) of 206304

A log chart helps one see percentage appreciation moves irrespective of price. Hence, one would not expect the compounding to accelerate, let alone to continue indefinitely. Just look at the CSCO and MSFT business models, or IBM for that matter. They grow more in line with GDP and hence the P/E compression experienced over the last 5 years. Furthermore, I am looking at a weekly chart, not even a daily chart. Consider that appreciation acceleration and ask yourself if it is sustainable over an extended period of time. How much longer before it collapses? The catalyst will be something simple and stupid as the chart becomes more stressed with each passing day without a breather. Best regards,

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