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


To: gold$10k who wrote (25699)1/16/2003 6:03:52 AM
From: crustyoldprospector  Read Replies (1) | Respond to of 36161
 
Jims & VT, another Sinclair essay from Monday caught my eye, and led me to raise more cash Mon & Tue (just in time, I might add):

"Therefore, speculators, be wary of going into $357 to $359 or $361 to $363 long up to your eye balls. The commonality between gold, silver and the dollar all seem to call for some degree of temporary reversal of fortunes."

tanrange.com

I'm still heavy in PMs at 66%, but down from recent high of 89%. Current favorite holdings YMC, CDU, NGT, CBD, MFL (going to list in the US, jims), and of couse CKG, which has grown to my largest holding (If you are reading Claude, thanks.).

Best guess now is that we make a trip down to the POG=$335 area before launching to $375. On the trip down there may be some bargains to be had as people flash back to July and bail on some lower-liquidity issues; suspect it may be a good time to enter CBD for those who are out presently. As POG gets above the $350 area, IMO the stars will align for the CBD, MFL, and NGT/AAS of the world.

Regards,

crusty