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Gold/Mining/Energy : Alta Gold

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To: Bruce McGaughey who wrote (542)3/25/1998 9:54:00 PM
From: Francois H. Gaston  Read Replies (2) of 749
 
Bruce:
Thanks. The table, I rigged it up from my reading about past crashes over the last 3 centuries (i.e. tulip mania in Holland, etc..). I agree that one should assign points for each categories and keep a running tab... It is amazing that, through history, most of these points are needed as to trigger a true market crash. At this very moment, we are only exposed to a correction in the US (IMHO) and I believe that volatility in the stock market will now increase tremendously this Spring. Until the end of March we will have the effect of windows dressing by fund managers. That's all. No real correction yet. Too many are expecting it, and that is why it will not happen,... yet. Summer and Fall are looking better for a correction, IMHO... Right now the bulls are still in control and sector rotation are in full swing. We need major manic exuberance to have a good correction.
I have now less gold stocks and moved to some energy stocks, and now to PC makers. Keeping some powder dry....(margin).
Good luck all.
Gaston
(all the above IMHO)
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