Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (16907)	8/27/2001 11:07:35 PM
From: craig crawford	Read Replies (1) \| Respond to of 52237

>> I happen to agree with your caution that the market is not done going down, and that most paper assets are at risk, infact I suspect all assets are at risk of loosing their value << yes. remember gold bottomed almost the same day the nasdaq did in april. i'm not so sure that was a coincidence. so if one believes the final low in the nasdaq is 1620 then i guess i would advocate going long gold. but if you think the nasdaq april low will not ultimately hold, it might be better to sit tight. >> BTW, thanks for keeping us appraised of the commodities << you're welcome. commodities, now there is an asset class that is a good value if you ask me! i'm not ready to jump into those just yet however. i think they are still going lower, even though they are trying their best to hold the all important 200 level. the low on the crb was 183 in the summer of '99 so accounting for inflation of the last couple years the crb is only around 5 points away from new historic lows going back many many decades. p.s. i think fair value for gold is closer to $500, so i do think it's undervalued. i just think things that are undervalued and overlooked tend to get more undervalued and overlooked before they turn around.