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


To: Canuck Dave who wrote (25601)1/15/2003 3:42:52 AM
From: c.hinton  Respond to of 36161
 
here is something on that subgect gold-eagle.com



To: Canuck Dave who wrote (25601)1/15/2003 7:29:18 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 36161
 
Gold is not about to tank here but a good correction to $340 or maybe a bit lower is highly probable IMHO. The recent experience of gold stocks persistently underperforming bullion again demonstrates the danger of being heavily long in such an environment.

Best to stay cautious until the gold stocks begin to consistently outperform bullion.



To: Canuck Dave who wrote (25601)1/15/2003 7:53:25 AM
From: jimsioi  Read Replies (1) | Respond to of 36161
 
Canuck Dave, as to what it means

The current disparity between the shares and the metal.....until it is resolved:

1) If you sell weakness and chase and buy strength you'll lose

2) If you are long and don't pay any attention, and aren't forced to sell by either the margin call or wife you'll win.



To: Canuck Dave who wrote (25601)1/15/2003 10:09:53 AM
From: Frank Pembleton  Read Replies (2) | Respond to of 36161
 
CD... what do you think...is Eldorado Gold poised for a break-out?

Regards,
Frank P.



To: Canuck Dave who wrote (25601)1/18/2003 10:00:26 PM
From: Yogizuna  Respond to of 36161
 
1. Gold is getting ready to tank as the dollar recovers.

2. This is what a bull market looks like and a whole lot of people are going to rush back in pretty soon.

3. A whole lot of market action as we settle into the 350-355 range.


CD

I vote for door #1, with the tank being fairly moderate in nature.... Do far the GC Feb contract is holding rising trend line support, so until the support fails, the trend is our friend.