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

To: patron_anejo_por_favor who wrote (7118)	5/23/2001 7:32:26 PM
From: craig crawford	Respond to of 57684

Well one of the reason's I'm bullish on gold at least for the short-term is all the doubters and skeptics out there. All the analysts are saying this is just one big suckers rally and they are downgrading gold stocks. Never mind that gold bullion just had a major breakout and gold stocks are acting fantastic. It's not surprising though, a lot of gold stocks were right at some major resistance and so these calls were timed to coincide with that. I stated on the AMZN thread that I think the downgrades are just plain wrong. Sure these stocks are overbought, but overbought a lot of times is a sign of strength. Anyway, you don't want analysts all screaming buy do you? That would jinx the rally. Gold needs to climb a wall of worry. P.S. Let's see some more capitulation in NEM, I got some puts to unload.