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

To: TheBusDriver who wrote (15998)	7/19/2002 1:22:11 PM
From: isopatch	Read Replies (2) \| Respond to of 36161

Wayne. First major leg up stuck with the stocks. Per post (think it was bout a week ago) pointed out that - based on my experience in 1970s gold bull - physical tends to play a little catch vs the stocks after that first major up leg. So there's some narrowing of the huge positive divergence between the metal the the stocks that stretched out during the the 1st up phase. That's another important reason for my recent spate of buying in the physical. And during the past week or more? Bingo! You can see imporved price behavior in the metal vs the stocks. So satisfied with timing of recent moderate increase in relative weighting to physical gold. FWIW, Bot 1st gold coins in 1973 when bullion was $83/oz. Old Double Eagles bout the closest you could get to "bullion coins" in those days. Right now, would LUV to see $303 in the next few weeks, to add more. But it's looking more and more like the low was made @ $310. My friend Arik (pro with a botique money mgt firm in Haifa Israel) came damn close with his forecast of a 313 low back when we were coming down from the $330 top. Hey Arik!! If your lurking? Nice call. Isopatch