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

To: Crimson Ghost who wrote (4940)	12/5/2001 12:45:02 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

George. Only ST risk to gold I can see is if the "get" OBL. That would spike us down. But not derail this powerful primary uptrend. Just too many important fundamental factors pushing the gold price gradually higher IMO. OTOH, there's quite a few things in the piece I agree with. For the broad stock indices, have been saying for a long time there's no doubt this is a Papa Bear with plenty of downside to go. So far, I'm happy with riding the wide spread between medium grade corporate preferreds and treasuries for high income and good safety of principal. But, did lighten some today, selling my large position in Farmers Insurance preferred. That boosts my cash reserve to a level I'm more comfortable with again after the large position in GLG put on yesterday. Would peg myself as moderately conservative, as traders go. But 100% T-Bills? Sorry, that's too extreme for me at this point. Isopatch