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Strategies & Market Trends : Ride the Tiger with CD

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From: koan9/18/2007 6:34:03 PM
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Boy, gold up $9.70 tonight to $724, silver up .19 to $12.94, dollar down to 79 and oil up to $82.20.

This sure has 1980 written all over it. Think about it, we just blew right past $700. When everyone in the world sees gold going up day after day after day they start making it a self fulfilling prophesy.

And this time the asians are involved, indeed the entire world is involved.

And then when all the fundamentals and I mean all!, are in golds favor---well?

If this is 1980 then gold should go well past $1,000 and everyone who plays it RIGHT should make a lot of money. Although a rising tide lifts all boats and jsut being in th emarket is the first thing one needs to do. Not sure it really matters to much though as most stocks will rise. More just a matter of relative wealth-lol.

That means playing the right stocks and parlaying. And my favorite play when the metals are running hot is to buy long term wts on major producers.

By and large I will avoid exploration stocks for now, except in special situations.

Sure looks good!

Good luck to us all.
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