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

To: Roebear who wrote (8225)	2/21/2002 12:44:54 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 36161

Roebear - I definitively think that most participants would be better served with a slow increase of PoG prices. Hedgers, banks, forward traders have some specific levels set. Every 2 or 3 Dollars. Harsh moves as the $9 rally of Feb 5th makes many of them lose money. (Coincidentally, yesterday's an today's action on the futures corrected that rally, I do not believe in coincidences when talking about money, love or war <g>). $292 level was widely expected as the year 2002 mid price. Now, participants have to settle for 297, if not 300+ Still reading they expect PoG to swindle 280-335. Would be too easy and will fail IMHO. LT trend is up, all I don't know is the speed of it. Btw: Fleckenstein has Dow and Gold crossing @3000. grantsinvestor.com Take your pick. LOL.