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Gold/Mining/Energy : At a bottom now for gold?
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To: Vieserre who wrote (1386)7/10/1998 1:31:00 PM
From: ahhaha  Read Replies (1) of 1911
 
There are no negatives. This is the lull before the storm. Summer often brings this kind of environment to full expression. Then, out of nowhere an event takes place. Next, the situation in which nothing can go wrong, turns into the situation where everything goes wrong. It isn't coherent and the earlier situation inures the anti-attitude so deeply that is hard to reverse one's negative sentiment towards gold even though gold is powering up. It usually works in the way that you say to yourself, "well, if the cuts through this level, I'll take a little position". It cuts through that level, but you don't take the position because you can't see it. You can't see it because you trot out all the reasons why the move must fail. When one looks around our economy, one can't see any problems. Everything is swimmingly perfect and yet there has been no significant changes since the sturm und drang days of decades ago. The only thing that has changed is the Republicans lowered taxes a little and the governments, both Republican and Democrat, have held the line on new expenditures. Neither of these actions nor their degrees have all that much consequence so that sturm und drang would be converted into halcyon days. You just can't trust this weather.
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