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

To: SliderOnTheBlack who wrote (15362)	7/8/2002 10:43:32 PM
From: jtech	Respond to of 36161

Well Slider,You are always right but sometimes a little early.Whats the difference in xau 70 to xau 62 10%,Heck the ndx does that in a few days. I feel much more comfortable with gold than I do with semi stocks.The big boys are playing for a bust because the dollar fall should have already pushed us up to new highs. If it gets really bad they will just close the market for a few days? The manipulation is so rampant the best option is to go to cash but the fed will get that somehow.

To: SliderOnTheBlack who wrote (15362)	7/8/2002 11:11:38 PM
From: penderjus	Respond to of 36161

<<I'd expect the dollar's decline to be slowed here and for GOLD to get whacked... we shouldn't discount the longerterm BULL cycle for Gold because we go back and re-test key support levels in the $280's, or even $270's. I'd be surprised actually if we didn't...>> >> Well that really sux for me because I dont wont to bet my money on the qqq. No dividends no earnings. Do I just have to time it right to make money?Peter Lynch said to buy and hold?If I dont stay in for the long term Im stupid right? Ill just take my short term 10% loss in my gold stocks and wait for the mother of all gold rallys. Could Congress outlaw the possession of Gold again?

To: SliderOnTheBlack who wrote (15362)	7/9/2002 10:38:39 AM
From: Roebear	Respond to of 36161

Slider, I understand your position, if I remember correctly, you were in at the 01 bottom and caught nearly the entire move to HUI 130-150, cap preservation is a must with large profits I agree. Me, I'm #2 and have to try harder, ggg, so when I have the time I daytrade the PM's since the last HUI peak. It's a talent and I do well. Risk is limited as an overnighter is about all I do and that has been the exception since last HUI peaks [Edit, sold out LY positions 6-4 to 6-6]. May hold a bit longer here as this move develops, we'll see... this move, bouncing off of the mid April gap and with lots of "look left" support there, has the potential to do much much better than most think. Even a retest of end of May highs. No warranty on that, we are at a crucial test even now at 132 HUI, which will indicate how far we go. Having made the entry, I then go with the flow. RE...I am a buying a little bit of physical silver on any & all weakness - with some retained profits here fwiw Have been doing same myself, though prefer coin silver over bars because I suspect coins will have an advantage in barter if things ever get to the Ghostbuster stage. But also a large investment advantage, silver should outperform gold on the second leg of the HUI bull. My entry yesterday in silvers was to catch the bust through of the 5.00 area resistance. Two near 5% days in HUI so far a nice move in anyone's book... JMHO, Roebear