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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (2947)	10/17/2001 3:15:12 PM
From: Paul Shread	Read Replies (1) \| Respond to of 36161

Those three black crows on GOLD scared me out of half my position. Funky bunch of stocks they are.

To: Arik T.G. who wrote (2947)	10/17/2001 6:46:51 PM
From: Roebear	Read Replies (1) \| Respond to of 36161

Arik T.G., Thanks for the read on Price of Gold. I'm holding core Precious Metal positions, likely into next year. While there is considerable momentum reticence in the PM's, perhaps either manipulation or mere jitters from the long bear, depending on your tastes, my view is we are approaching Nirvana for precious metal stocks of the yellow color. FA wise, if the economy recovers we will likely have inflation due to the pumping necessary, if the bear market continues, there will be a good possibility of deflation. Either way gold wins and there will NOT be the status quo of the last five years, which was the gold killer. October 2000 really sucked for gold, but taking a look around at the world of October 2001, it does not much resemble the world of October 2000. So much so that if one had then forecast the events of 2001 in 2000 one would have been thought either a fledgling author or just a plain NUT! People are in a dream world, believing things will go back to the way they were. They will not, there will be a difference from now on, the world as we knew it has already changed. The stair step mechanism mentioned is in force for gold, the gold bear being a heavy beast to drag up the stairs, but the gold bull will do it, the only question is when, not if, it finds the elevator. TA wise, targets of note would be 71-72 HUI and >75 HUI is blue sky. As you say, a short term retracement is always possible. Best Regards, Roebear