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

To: Crimson Ghost who wrote (13370)	5/28/2002 3:54:45 PM
From: t4texas	Respond to of 36161

i like fleck, but we all know how he does on timing.

To: Crimson Ghost who wrote (13370)	5/28/2002 4:04:08 PM
From: ItsAllCyclical	Respond to of 36161

NEM keeps plowing ahead making new 52 week highs. ABX has been making new 52 week highs recently. And finally PDG one of the last holdouts of the major hedgers is reducing it's hedging policy. I'd say all that is fairly bullish. I don't have the link, but I also read somewhere that as of last week most of the major gold newsletters were net bearish. Would I be very cautious in select juniors, you bet. But overall I'm still very bullish 6 to 18 months out. Short term the dollar is at critical resistance and I can't see the Naz putting up much of a fight until it at least retraces to 1550. That alone should allow us to break 111.8 on the Dollar index and send us to 108 imho. Longer term the Naz should break the Sept lows and the Dollar should continue much lower. Also silver has yet to break $5. Should give even more visibility to the PM sector when it happens.

To: Crimson Ghost who wrote (13370)	5/29/2002 1:25:45 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

["Even super bear Bill Fleckenstein now saying gold stocks very dangerous here. "] ...simple solution - they're called "stops". All I've done is to keep pulling them up tight behind the non-stop rally. The higher they go, or the sharper the rally - the tighter one should raise the trailing stops. I like many here; got in early - so I am not going to let these 3-4 baggers in many names disappear. I have tight trailing stops on my ENTIRE gold/pm holdings here - and this is the "tightest" that I've had them...ie: from a 5 to 12% decline - I will "stop" out of everything. I'm buying and planning to buy more - "zero cost basis" physical with profits that I take. One technical strategy is if you get "stopped out" here - to not buy the dip, but only re- buy into a breakout to new highs... and ride the mo-mo train. In volatile cyclicals - that is not a bad strategy and it will completely eliminate any & all proclivity for trying to catch a falling knife. Actually; if I accumulate eough "zero cost basis" physical - that is EXACTLY how I will play this rally - only buying new breakouts thru resistance... with one caveat; that being when I do take profits/get stopped out - I'll also flip some of the profits into outlying out of the money calls... keeping some leverage to any significant upside. ...just my .02 My "zero cost basis" physical will be reserved for the day when $600+ gold & $10+ silver arrives... otherwise it remains a LONGTERM liquid/real money asset hedge that I will sleep well knowing that I have securely tucked away. I may very likely have sold out of the PM stocks , but may be holding just physical for the final blow off top... who knows ? ...I have nolo problemo - walking away with what I've got right here, right now in the bank from this cycle. Hell; we jumped from the OSX ride to the Yellow Dawg and caught another cyclical triple - back to back; all the while the broad market has declined from 20-50% ! Pigs get Fat, but Hogs get Slaughtered... The PM ride could end today and I'd be a happy camper...even if I had to sit in cash for a year, or so untill I find another "opportunity"...as one mistake I will NOT make - is to "force" an opportunity where none exists. As other than PM's... NOTHING entices me in this market... so when I cash out of PM's... you'll just have to call me - "Sitting Bull"