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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (42644)	6/20/2002 12:20:14 PM
From: yard_man	Respond to of 209892

I paid up for some July puts -- probably going to get my b8tt kicked, but I think it has a shot here.

To: marginmike who wrote (42644)	6/20/2002 1:13:26 PM
From: Clappy	Read Replies (1) \| Respond to of 209892

<Sort of OT> I was wondering if you reloaded on any of those gold miners? The sector seems to have bounced off of support and perhaps it's 50dma, yet there hasn't been the frenzy of message board posts on the yellow topic like a few weeks ago. The dollar certainly appears damaged. I saw Jim Rogers mentioning last week he loves natural resources/commodities. Also likes China for long term growth. Canada and South America for their natural resources. I don't think he sees the same doom as Prechter. Instead he sees the US markets in a long drawn out range bound channel. Said it could be like that for 20 years possibly. Good for traders perhaps but not good for investors. Lots of strong swings in both directions. More down than up. He also thinks that the Fed is lying about the inflation numbers. I was surprised he said it that way but he actually used the word "lie". He sees inflation all around him. Insurance, education, housing, etc. He thinks they are fudging the numbers to keep our economy going... or markets from crashing... (Hopefully I'm not putting words in his mouth. I'm going by memory.) Anyhow he expects most of the commodities to rise due to inflation. I wonder how long before Datek/Ameritrade is offering commodity brokerage services... I think they are running out of stock traders. <g> <ng> Sorry for the long post on this thread. Things seemed a little slow anyhow... My fingers just kept typing. Anyhow, Jim Rogers certainly seems good at identifying long term trends.