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

To: gold$10k who wrote (10888)	4/19/2002 3:50:34 PM
From: gold$10k	Read Replies (1) \| Respond to of 36161

Are the big gold stock investors who drive the price of XAU and HUI just good at anticipating the action of the big buyers who drive the POG, or are the two groups made up of the same people?

To: gold$10k who wrote (10888)	4/19/2002 10:13:20 PM
From: nspolar	Read Replies (1) \| Respond to of 36161

vt, I tend to agree. Maybe gold before the stocks. If so that will really drive em. It is very tempting to take profits here, but I've continued to resist, and cautiously added to a few this week. The leverage in this sector is just utterly unbelievable, for me anyway, being a first timer at it. Maybe it is nothing as I don't take daily notes. However it seems to have been the case over the last few months that volatility of gold on the NYC comex precedes some good action. The volatility is usually the smack down at the open for a few days, then the reverse. It appears to me they (whoever they are) can no longer keep it down. As I recall over the last 10 days or so we've sort of went through that scenario once again. Also covered IBM and BRCM shorts earlier in the week. May have to watch for another load.

To: gold$10k who wrote (10888)	4/20/2002 7:03:02 PM
From: isopatch	Read Replies (2) \| Respond to of 36161

vt. That's fine. PMs, oil service and gassers are in primary uptrends. That's were it makes sense concentrate trading and/or long term investing. And, we've been doing that for a long time. My point was simple. Others who've been "loading the boat" in sectors in an unresolved primary downtrend - like biotech - are exposing themselves to increasing losses as we've seen in the large recent declines in those stocks. Once there's a confirmed bottom, then it's time to load the boat. Those who ignore that basic rule could be sitting on dead money or even fairly significant losses for a long time. Isopatch