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

To: Davy Crockett who wrote (6249)	1/9/2002 11:56:39 PM
From: nspolar	Respond to of 36161

Frank, svenlar, thanks for the BGO info. I've been buying dabs of this and that for the last 6 wks, always adding to existing PM holdings. As of this morning I was about 55 % PM's. My daughters portfolio, for med school purposes, is 100% PM's. I always do better with hers than mine. Gotta figure out why. Added more NEM yesterday and today. Have thought there was a slight chance NEM could head down as low as 16 or so, but it seems pretty minimal now. Added BGO today, for my 1st load. Couldn't resist. My largest dollar holding remains KGC, and is quite large. I don't have the experience many of the posters here do, and in times like these it hurts. I don't have any historical perspective of how markets like these work. All the info on the various boards can get really confusing. I decided about 6 wks ago to put most emphasis on LT charts and stay to my plan. Didn't want to let myself get confused. So I've stuck with PM's and have added some shorts. I'm a little net behind on my short basket, but not enough to concern me. Fundamentals tell me all my shorts are way over valued. Fundamentals will win out. The PM action of recent especially appeals to me. Sure TA is hard to do, but it isn't worthless. Especially if one looks at LT charts. No sure thing but these PM's could run a long ways this time. How many times have we all thought that? Many of the charts look very good technically, and the whole setup has a better feel to it (for what that is worth). Some things I've noticed of late that I like as well: - many the perma day chartists and shorters are admittedly confused. Some shorters have undoubtedly capitulated. - the anals and FED have really been pumping with info lately, seemingly more than usual to me. The end of the recession is in sight. Yah right. I look for the unemployment numbers to continue negative, and be a very telling factor as we go forward. - Gold seems to lack sellers. PM stocks even more so. This is what we want. In addition gold doesn't seem to dump when the NY exchange opens, of recent. More of the oppsosite. How can that be? Even wondered if easy Al is pumping gold, to drive the dollar down. And one of Slider's (where is he) last posts said to BE PATIENT. Patience doesn't come hard for me. Probably too patient at times. Regards.