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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SirRealist who wrote (58096)	6/14/2002 7:43:25 PM
From: 1podstock	Respond to of 208838

Kevin/Sir Realist...wow, that's bearing quite a bit of gloom you've got there. Thanks for the thoughts...sure hope market action is not as bad as you are making it out to be.

To: SirRealist who wrote (58096)	6/14/2002 7:53:51 PM
From: SirRealist	Read Replies (1) \| Respond to of 208838

Also, if you wish to purchase gold directly, instead of goldmining stocks, this link has addresses all over the nation where you can do so: ictaonline.org I hope you pay heed and I wish you well. --Kevin

To: SirRealist who wrote (58096)	6/14/2002 8:42:44 PM
From: Rich1	Read Replies (2) \| Respond to of 208838

Scaring the children...

To: SirRealist who wrote (58096)	6/15/2002 8:32:36 AM
From: SirRealist	Read Replies (1) \| Respond to of 208838

UPDATE on my market warning With NASDAQ reduced and the Dow heading down to somewhere tween 7200-7500, there just aren't any other safe havens on the downhill grind besides gold. And here's another compelling thought: at quarter end, many funds are gonna like showing off the golddiggers they windowdressed their portfolios with. Today they stayed out of the gold run, as the volumes and RSI reflect. And I may have been hasty with my post warning of a fall next week because I failed to factor key psychological events in. It's quite possible we'll dither around, through options expiry (the 21st) and FOMC (25th-26th), as traders cling to the hope that Uncle Algae has another wabbit in his hat. The market could trade up and down till he reports at 2 pm on the 26th, before succumbing to the gravity of a steep plunge early in July. Golddiggers could be 25% cheaper by then, with the bullion between $300-$308/oz. In fact, charting the gold stocks with the indexes, it's not unlikely that we could trade up and down day-to-day in a slow grind, never surpassing 1560. But a very distinct possibility is a series of uphill targets (1530, 1560, 1575, 1600 and 1650), any one of which could prove to be the turning point... but for now, 1560, 1575 and 1600 are the most likely. Three points of saying this: 1) A little runup to make options expire worthless can be expected this week. 2) Zeev is calling for the next bottom 6/28 but he may be off a week I think 7/1-7/8 may be the selloff, ending just before the first new earnings reports. My charts say the 3rd and 8th (there's only 1 trading day between em) are the most likely bottom. 3) However, waiting to buy gold doesn't lose a cent if you catch the turn a day late. Being long anywhere else, does. Should an investor wait for the peak and compete with others to sell when folks are panicking? Why take on the aggravation and worry? Better to exit a bit early. Especially sine all the chartlines can crack at any time... I have the charts to show anyone, but don't have a site to put em on public display. And btw, if the Sept bottom cracks, my target is 1254. -Kevin