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


To: Crimson Ghost who wrote (16649)7/30/2002 9:23:29 AM
From: stockman_scott  Read Replies (2) | Respond to of 36161
 
07:53 ET Goldman Sachs upgrades gold stocks : Goldman Sachs raises their weighting in gold stocks to MKT OVERWEIGHT from Mkt Weight and upgrades FCX to REC LIST from Mkt Outperform, ABX to TRADING BUY from Mkt Perform, and PDG and AU to MKT OUTPERFORM from Mkt Perform; firm raises 2002-03 ests for select stocks, and continues to forecast that gold prices will rise over the next 2 years based on their view that: 1) US dollar will continue to weaken, 2) govt deficits will continue to begin widening, and 3) investors and large holders of US$ will continue to look for alternative asset choices to diversify some of their investments.



To: Crimson Ghost who wrote (16649)7/30/2002 11:09:21 AM
From: re3  Respond to of 36161
 
exactly what are you accomplishing except trying to be (as laszlo birinyi has put it) "too cute"...are you sure you will get aboard below your last sell point ?



To: Crimson Ghost who wrote (16649)7/30/2002 11:33:52 AM
From: Jim Willie CB  Respond to of 36161
 
if 1973 repeats, then gold AND stocks rise until Nov-Dec
this could be a liquidity replenishment period underway
but perhaps not before some more gold testing for sure

Goldman has declared today that #303 is the low imho

then after Nov-December, gold continues while stocks decline

according to Saville's article on Gold-Eagle.com
and Kitco.com
/ jim