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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (6999)	5/19/2001 4:51:02 PM
From: Mark Fowler	Respond to of 57684

dailynews.yahoo.com Bush Tech Adviser Says Focus on the Big Picture

To: Bill Harmond who wrote (6999)	5/19/2001 5:48:22 PM
From: craig crawford	Read Replies (1) \| Respond to of 57684

>> I don't follow gold, so I'd be guessing about the technicals. << I never really did until recently. Actually I'm trying to get up to speed on all commodities. The reason why? There always seems to be some fantastic speculative opportunity that comes out of left field when no one expects it. I mean, who was talking about investing in the PGM's a couple of years ago? Everyone was too busy watching tech stocks for the last couple of years! How many people were focusing on the power crisis and the opportunities it presented a year or two ago? How about oil when it bottomed in late '98? People were interested in other things. I don't really have any clue what the next big thing will be, but there is one thing I am pretty certain it won't be. All the mo-mo tech stocks that everyone just doesn't want to give up talking about. It's going to be something out of left field that 90% of the people on SI won't be talking about. That is for sure. Too many people are talking about stocks like JDSU and CIEN for them to be fantastic investment opportunities if you ask me. They are not cheap. There is an underlying theme that seems to be gaining traction over the last couple years. Raw materials & hard assets seem to be making a comeback. The bull market just seems to spread to different areas. It started off with energy like oil, & then quickly followed by natural gas. More recently coal has exploded. It spread to the PGM's (Platinum Group Metals), and now it might be spreading to gold/silver. The part I find most interesting is that the gold & silver stocks seem to be leading the bullion out of the cellar. That is much more constructive than some of the previous rallies gold and silver have had in the last few years. The XAU bottomed about 6 or 7 months ago but Au/Ag have only bottomed in the last couple months. Also, the uptrend in the XAU is the nicest uptrend since like 1993-1994. Not only did it close at a 52 week high, but it has been in a steady advance with higher lows and higher highs for 6 months. (nearly 7 months if you use intraday figures). This is off a 22 year low in gold in March. The nice double in the XAU back in '93-94 wasn't off an all-time low like we just had. Anyway my target for the XAU is low 80's.