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

To: jrhana who wrote (24636)	1/3/2003 12:16:11 PM
From: TrueScouse	Respond to of 36161

<<what is important is to be in the right sector. what no CDU? no WHT? no RDU? Oh well >> Agreed. There are just too many out there to choose from. The key is to have a diversified selection -- some mid-size producers, junior gold-in-the-ground stocks and explorers. I've found that my pf is leveraged about 4 times to the POG, and it doesn't seem to matter too much what I own! Looking for a strong close above $350 today as a great start to the New Year. Feb Gold is now at $352. Regards, Howy

To: jrhana who wrote (24636)	1/3/2003 12:30:11 PM
From: nspolar	Read Replies (1) \| Respond to of 36161

jr, imo what did this move more good than anything was a rise in the general markets. We do not want a general market crash here. I think it would be huge negative. If one looks closely at what happened last year with PM's and general market, it is clear that PM's topped out well before the worst stages of the general market meltdown. My thought is that this will more than likely repeat this year. One can presently assume a general market decline will be a 3 of C, a very long and powerful move down. If it has just started, it can be expected to continue until mid year at a minimum. Likewise it is my assumption PM's are in some sort of 3 up, and ahead of the 3 down in the general markets, maybe by a month or even more. Guess I just gave away my strategy re put shopping. I'm in no hurry, but if things continue on their present course I will be out or very light in PM's before the worst stage of the general market down, assuming things continue as they have, and during the latter stages of the gen market decline be closing out shorts and puts. Everyone, literally everyone I know, closed out too early last go. If we are in a gen market 3 down, nearly everyone will do the same thing again.