Natural Resource Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Natural Resource Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: c.hinton who wrote (25184)	5/23/2005 3:59:02 PM
From: SliderOnTheBlack	Read Replies (4) of 108669

re: Faber ["You should be long gold and short oil,'' Faber said."] ...I'm glad he's been listening (vbg). Now, if we could just get "this guy" back in the fold: "Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights." Alan Greenspan ...and then get "W" to listen, vis a vie "Deficit Spending" But, since Mr. Greenspan is long gone (philosophically)...and "W" is a mere frontman for pOILitic's & the Globalist Elite ...aint much chance of that happening anytime soon...hence GOLD as a hedge against the most insidious type of "irrational exhuberance" ...that of runaway deficit spending and the abandonment of Gold and all it has historically stood for, in exchange for the Helicopter Fiat Standard. ... the South Africans should be a great nearterm trade & outperformers here on US Dollar Strength given they & HMY in particularly - were vastly oversold...HMY the best risk:reward play imo...as you never know what DROOY Management is going to do... PS: The only thing that scares me here... is that suddenly everyone is extremely bullish on goldstocks. I'm not refereing to Everyone in the context of posters here on this thread, but rather the general consensusof many of the Gold Analysts & Pundits. I almost get a sense of them more "not wanting to miss a bottom" ...than they really belive this is a, or "the" bottom. This is too dramatic a change of sentiment...from just a week ago when virtually every Technician, along with those leaning toward more Fundamental Valuation Divergences from Gold; we very bearish. The Volume will be key here... We need STRONG Volume to endorse the staying power of this rally; otherwise....prior resistance of 150 will soon become support. WATCH THE VOLUME...it must endorse the turn here. If we do not get VERY STRONG volume...keep raising & maintain tight stops and take the profits.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next