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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: habitrail who wrote (3798)	8/2/2002 1:58:53 PM
From: organicgerry	Read Replies (1) \| Respond to of 89467

The recent correction dropped the HUI from 155 to its 200 day moving average support at 92 1/2. This was a 40 percent loss, but actually some of my gold stocks lost half their value. That shows that LTB&H can be just as dangerous for gold stocks as stocks in general, in fact they are more volatile. So timing is everything, although the gold bull that started last year is intact. I think we will see a retest of the recent lows within the next few weeks, before a new gold rally starts. Possibly this gold retest could be in conjunction with a stock rally that actually lasts a few weeks, althought that is hard to imagine at the moment LOL! I subscribe to Steve Saville's newsletter, and feel that his advice did not help me avoid the recent downdraft. There were two Silicon Investor members I am aware of who correctly predicted the downdraft, they are: Member 2170960 and Member 4623325 Good luck to everyone, thanks to "Wild Man Jim" for sharing with us Lefty