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

To: terry richardson who wrote (11789)	5/6/2002 3:47:28 PM
From: isopatch	Read Replies (2) \| Respond to of 36161

Thanks for posting that/eom

To: terry richardson who wrote (11789)	5/6/2002 4:30:18 PM
From: Roebear	Read Replies (3) \| Respond to of 36161

terry, Thanks for keeping us up to date on the news and the following in NO way reflects on that function of your post which I DO appreciate, sometimes, I'm just too busy in the markets to see all the news. However, I believe gold broke through 312 immediately after the market close more in response to closing prices of market indexes more than the reported terror alert in Europe (US is getting numb to terror alerts). As such, it is on its way to 325 in short order, unless Greenie pulls a rabbit out of his hat tomorrow. I think his rabbits are all gone though one can never be sure with His Majesty. Any actual terror incidents and we will likely see 325 at the speed of bright, but it will be just a worthless panic attack reaction spike, with little chance to get in (for those caught out) and plenty of chance for the shorts to climb on top of the spike and launch an attack. I do not wish for any such horrible terrorist acts in any case, quite the contrary, money is not worth any casualties and I don't believe gold responds positively to those type of incidents. Look at 9-11, that didn't do anything for the POG, after the initial panic spike, POG made a local bottom in November! Look at the Autumn of 2000, when the MidEast crisis began to really blossom and gold made a low!! So don't let anyone say gold is dirty money, it's moving now via legit market forces, NOT terrorist forces. For myself, I really prefer the stair stepping POG has been doing for months, much easier to play and no false accusations of "blood money" to sully the reputation of precious metals. Best Regards, Roebear