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

To: TheBusDriver who wrote (20028)	10/9/2002 4:43:12 PM
From: jimsioi	Read Replies (2) \| Respond to of 36161

N.Wayne Agee, JPM and GOLD The theory that as JPM fell gold would rise is obviously being tested. Rather demonstrates to me that if you think one thing is going to happen (JPM would fall) play that not an anticipate reaction (gold and the miners would rise.) Are they selling gold to keep it depressed, well we almost have to believe that if long to make any sense to ourselves....otherwise why doesn't it go up....lack of buyers??? Why?? Deflationary themes. Further weakness in the dollar will be supportive from here....if we get back down to 106. Miners are just being liquidated along with just about everything, even if and maybe especially if it shows longer term profits for holders. Fear of missing a great buying chance??? Looks like around the 100 level on the HUI will be at least tested the way things are going. Resisting the urge to buy just because prices are down, having seen my latest foray (HL) cave. Association with Silver is proving unprofitable here in the short run and I don't think really will be while economic expectations are on the decline. Commercials likely moving steadily back toward neutral. When they get there Silver will be most tempting again....$4.20?? jims101