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

To: gold$10k who wrote (21010)	10/31/2002 12:40:13 AM
From: nspolar	Respond to of 36161

vt, re IBM and the rest; TLAB which I sold doubled off the bottom. The whole sox index is up nearly 50% off the lows. There are quite a few stocks that doubled or nearly did so. Likewise there are many dogs that did little. Moral of the tech story for recent profits or losses; timing, timing, and more timing.

To: gold$10k who wrote (21010)	10/31/2002 9:32:41 AM
From: Art Bechhoefer	Respond to of 36161

VT--Thanks for your reply, especially because you focus on the technicals, whereas I don't. That was one reason I asked your opinion. I am looking for long term trends as well as short term events. It seems likely that an increase in tension in the Middle East and other trouble spots can only create more uncertainties in the equity markets and hasten a flow of funds into gold or gold shares. Since gold shares are easier to buy and hold than gold coins or bullion, there should be (if my assumptions are correct) a correlation between world tensions and gold share prices. As for timing, I doubt that anything major will occur before November 5, but by mid-November or early December, there could be quite a lot of action. Art