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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (14626)7/2/2002 10:23:20 AM
From: sea_urchin  Read Replies (1) | Respond to of 82442
 
Al >Suggests to me either a runnup now .... or a massacre

Dealing with a stock at or just under the "support line" is always a problem. As you say, it's either a bargain or a capitulation. And, to make matters worse and, it seems just because the God of Stocks is so bloody minded, there is frequently a sharp fall (shake out) at that very point.

Frankly, and whatever happens on the "support line" now, I don't see a massacre on the gold stocks. Of course, I could be wrong but my assessment still indicates that the economic environment is conducive to further gains.

BTW, July 4 will come and go just like any other. IMO and as I have said before, the only "terrorists" lurk in the US administration and they'll probably be all out celebrating how easy it was to take over the United States of America while everyone (nearly) was fast asleep.