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

To: ild who wrote (26007)	1/19/2003 11:51:23 AM
From: Silver Super Bull	Respond to of 36161

ild, RE: <IMO everybody knows that POG will drop hard when the war starts, so they are shorting gold producers. This explains poor action in gold stocks. In other words a big POG drop is already priced in. Unless POG drops below $325 the dip in golds should be bought. January short interest numbers might shed some light.> Interesting post. My comment on this is that back in 1991, "everyone" assumed that the general stock market would fall very steeply once we attacked Iraq. However, as soon as we attacked the stock market rose steeply. Just goes to show that "conventional wisdom" and what "everyone assumes" can be very wrong. DB