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To: Crimson Ghost who wrote (93521)	8/11/2001 5:35:39 PM
From: isopatch	Respond to of 95453

Right again, George. You're on a roll today. Studies of various time periods examining leading vs losing market sectors has shown your assertion to be correct. The devil is always in the details though. Like getting out of one sector at a major top and identifying the next big sector Bull Market very early in it's primary uptrend.<G> Iso

To: Crimson Ghost who wrote (93521)	8/12/2001 4:28:25 PM
From: rails99	Respond to of 95453

Agree. There actually few individuals on this thread that truly realize the powerful qualities that greed, as a primal basic human emotion, will influence the markets. That emotion will drive the price of gold upwards, just as soon as tax selling propels the markets down; even further, than seen to date. This will begin on a more marked down trend in later September and complete a major down wave in October. This is due to funds revising their security positions before end of October. Gold should reach an average price of over $300.00. Some predict $350.00 for POG by year end and I join in that prediction. Gold will probably reach a price well over $500.00 to 700.00, in the not too distant future. The high price will not hold indefinitely. Gold will benefit most with an upward price swing during a broad market selloff (the capitulation stage) caused by individual investors/speculators bailing out of securities. The majority of this selloff may occur this year and next year. The price of gold will have what seems as a long and torturous path to higher value against the dollar. One needs to remember that the yellow metal fights a most difficult battle, against some of the most intelligent of investors in financial securities (both public and privately held financial corporations). Those individuals fight in a most concerted action to maintain the strength of the US dollar against all comers. The only positive thing that gold has going for it is the greed factor. That will play the important role, to influence the POG; only when a catalyst event causes the greed to manifest itself in the human behavior and thought process. The security markets thrive due to the tendency of the human greed factor to affect share prices, why else do stock prices move so dramatically. One of the difficult problems to the study of the POG will be the exit strategy, when to sell the HUI securities, etc. The POG will fall most quickly from its apex. Should one switch from PM securities to stock options only; or perhaps just futures of the metal at some point in time? Perhaps some would say that a good selection of puts would be in order, when the POG hit $900.00 or so? That is something to address before too long. Best Regards; Rails