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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (21687)	7/26/2002 3:20:20 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi KastelCo, <<Well if I lose all my gold investments @ this juncture I'll be just slightly down for the year>> The way I see is each % point of gain must be defended ferociously, because its lost would expose the next % point to similar fate, by and awfully by, little by insidious little. <<unfortunately about 30% of the too fast too easy paper gains evaporated back into the ether ...>> This is the bad part about bear market, where now we seem to be in a phase where everything (all stocks, gold, bonds, whatever) goes down, from different altitudes and at different speeds. Asian markets behaved very badly today. I am surprised that the banks are not putting coffins on display for hoarding;0) Chugs, Jay

To: Cogito Ergo Sum who wrote (21687)	7/26/2002 7:01:02 AM
From: Louis V. Lambrecht	Respond to of 74559

Kastel, we live in the same street. I first thought we were due for a correction in June as we did in February. My port did it well then, and till the first part of July, I semed to be right again. Then came Tuesday <ng>. No problem I said, been there before. Be patient I keep saying to myself: August futures are deliverable, first notice on Jul 31st, at these prices some shorts would choose to deliver. But, hey, still 4 sessions to go. Then I put up a 3 yeras gold chart: yikes! Snowshoe is right. <ng>