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To: AllansAlias who wrote (45720)	12/8/2000 7:55:53 PM
From: pater tenebrarum	Respond to of 436258

there could be another leg down in gold, but not in the near term imo. simply because gold loves uncertainty, and the funds still have their shorts piled on. obviously, the stock market down-leg comes a bit sooner than i thought it would...i expected us to rally into the Fed meeting, but i guess we can strike that now. cycle inversion...means we're looking at a Dec. 15 low most likely (ST low, not intermediate). anyway, i expected a rally, but decided for some reason not to play it...my call buy finger was itching yesterday, but i held back. could have made a dime though on today's drunken orgy...but generally speaking it's always better to play the primary trend , especially in a dangerously poised market such as this. i still own a bunch of already written off Dec. puts that will now hopefully be revived.