Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan	4/25/2007 10:36:03 AM
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Do we go away in May? I came home late last night and had several phone calls all asking the same question. What does everyone else think? My answer would have been, I do not know what to do? Safe thing to do would be to sell and wait until the trend is clear, or until fall The market seems to drop almost every summer. Several things may make this year different. Kaiser thinks it will be different: 1) Commodity prices remain at record high prices and LME stockpiles are low. And as most of the land mass is in the norhern hemisphere much of those countries are just now able to start building after a tough winter for many. Frozen ground is like steel for those who live where the ground does not freeze-lol. 2) Dollar is down to 81.28. That is the lowest I remember it. Most of the financial guys and gals on bloomberg are still talking about a lower dollar. A break of 80 shold be huge. 3) LME stockpiles remain low. 4) Kaiser thinks we skip this years cycle. One approach would be to sell part of your portfolio (average stocks) and stay with just a few that look to keep going like FNI. Exploration stocks will still move if they hit but drift lower if they do not (usually). Stocks like BWR are a real puzzle as zinc and other metals prices remain high and they are bringing on Langlois soon (during the summer). I will probably stick with my portfolio, but I am very nervous about it. A dollar drop below 80 should sky rocket PM's. One idea would be to stand aside until silver gets over $15, and gold over $750. The base metals seem to be following the dollar too. And many countires reported startling high GDP's: China 11%, Japan 5.5%, and russia, viet nam and Brazil are smoking. europe is kicking heck out of the US. A lot of the bull market move in the DOW is foreign money coming in because of the weak dollar. In a word, I do not know what to do?

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