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To: articwarrior who wrote (52086)9/29/1999 9:39:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Artic:

This gold rally is no more false than the oil rally was. Both touched off when the huge supplies some had counted on to keep prices down vanished overnight.

Now you know why I stated some weeks ago that I was moving out of OSX stocks into gold funds.

That said the primary force behind this gold rally is a massive short squueze. Bound to be a big correction when it ends.

But make no mistake. The gold bear is as dead as the oil bear. We are now in a long-term bull for gold that will rival the oil bull. As with oil, the correct strategy is to buy the dips.