To: Jane4IceCream who wrote (36016 ) 5/13/2002 6:45:56 PM From: Davy Crockett Read Replies (1) | Respond to of 52237 Message 17462568 a truly excellent poster... this guy is effin amaizing... with no personal agendas. Regards, Peter To:svenlar who wrote (12266) From: SliderOnTheBlack Monday, May 13, 2002 6:39 PM Respond to of 12269 ["...just gettin' a little bit worried... that's all"] What is important for those who got in early & cheap here on the gold stock move; is to keep moving stops up...especially if you haven't been taking profits. Stop-strategy; where you set your stops and re-entry buys; along with how you stagger them for each stock & your entire gold/pm holdings... depends on whether you've been taking profits all along, playing the rotation to laggards/small caps game, or just buying & holding. In uptrend cycles it's a stair-step move up & taking profits and re-buying the dips, or rotating to later cycle plays/laggards & small caps works... as long as the move is in place. Sentiment is the greatest technical indicator and it will be the primary indicator I use to start cashing in the Gold-Train when the time comes. We're not even close yet imo. ...but, given this is my first ride on the Yellow Train; I'd appreciate hearing from those "old-timers" who were around for the prior PM cycles; especially the 79-80 historic top. It's time to start studying how these prior cycle's progressed; the how's,when's & why's about the rotation/participation of the small caps & exploration juniors etc. This is NOT just a temporary safe haven rotation into gold due to the War on Terrorism & Mid-East Strife... this is the end of a Central Bank led prop-job of King-Dollar in conjunction with the supression/intervention [ READ MANIPULATION ] of Gold. The decimation of cap ex spending , capacity & exploration led to the success of the last Oilpatch Cycle... we had all the headlines calling for the end of the Oil Era, calling for endless gluts of $5 Crude and the end of Opec. ...it's been no different for Gold. But, Gold has 2 things going for it that Oil didn't have. 1.It's a much, much smaller market-cap sector....only miniscule changes in investor sentiment towards gold can leverage the sector's move. 2. Unprecedented short-derivative positions. Gold has much, much more speculative-parabolic upside leverage than Crude does... and it's going to require ice-water in the veins to not sell & exit the "sweet spot" melt-up when it arrives... and arrive it will. ...I'd love to see some individual junior & exploration commentary; be they valuation models, leverage to the POG #'s, or exploration stories etc ..and let's not forget our silver bretheren either. - that's the no-brainer roation idea imho... as silver is obviously lagging golds move; but traditionally it WILL outpace gold in ultimate returns. GOLD & SILVER: Foi Est Tout ~