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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (2807)	1/21/2003 10:03:16 PM
From: 4figureau	Read Replies (1) \| Respond to of 5423

You want to take a run at this piece Jim? Be nice...the guy is a professor. (ggg) Message 18471631

To: Jim Willie CB who wrote (2807)	1/22/2003 9:06:46 AM
From: 4figureau	Read Replies (2) \| Respond to of 5423

GOLD Sure sell, that's exactly what the gods of the gold bull market want you to do Snippet Richard Russell Dow Theory Letters 22 January, 2003 >>Russell Comment -- "Forget your gold cycles, this is a bull market, and that's the only cycle I'm interested in."<< Gold -- March Dollar Index was down .50 to a new low. On the monthly chart it appears that the dollar is on a whole new leg down. March euro up .69 to a new high of 106.98. March yen down .21 to 84.79. The declining dollar has to be striking fear in the hearts and pocketbooks of foreigners who are holding trillions in US assets. If foreigners start to sell heavily -- watch out! Feb. gold down all night as usual, but by the close of today's session Feb. gold was up .70 to a new high of 357.50. Many warnings from "experts" to the effect that gold is "too extended" and is probably topping out. Maybe -- but remember, bull markets will do whatever they have to do -- to advance with the fewest number of investors on board. Thus, talk of gold being over-extended serves to keep newcomers out and oldsters taking profits. So is gold "over-extended?" Hey, this is a bull market in gold so who the hell knows! The experts sure don't. I do know this. The great action in gold is hardly mentioned in the media. And that's a large plus for the yellow metal. Silver was up 1 to 4.82. April platinum was up 6.50 to 625.50. March palladium was up 6.00 to 264.00. Gold/Dollar Index ratio was up 2.20 to a new high of 355.80. XAU was up .34 to 75.77 with its 50-day MA now climbing bullishly above its 200-day MA. HUI down .21 to 143.00. "Look, look, look -- the gold stocks aren't confirming gold, so sell, sell, sell. And silver isn't confirming gold -- so sell" Russell comment --"Sure sell, that's exactly what the gods of the gold bull market want you to do." "Wait, the gold cycle is turning down -- sell your golds." Russell Comment -- "Forget your gold cycles, this is a bull market, and that's the only cycle I'm interested in." Gold advance-decline line was up 8 to 1127. 321gold.com

To: Jim Willie CB who wrote (2807)	1/22/2003 9:50:42 AM
From: 4figureau	Read Replies (1) \| Respond to of 5423

Bear Roundup: Top 1,000 U.S. Pension Fund Assets Down 10%, Magazine Says - Bloomberg (1/21/2003 7:03 PM) quote.bloomberg.com Fund managers grow wary of consumer slowdown - FT (1/22/2003 12:08 AM) news.ft.com J.P. Morgan Has Second Loss in Five Quarters on Costs for Enron, Lawsuits - Bloomberg (1/22/2003 6:33 AM) quote.bloomberg.com Asian banks still face hurdles after financial crisis - BusinessTimes (1/22/2003 6:52 AM) business-times.asia1.com.sg Taiwan Suffers Record Unemployment as Factories Shift to Mainland China - Bloomberg (1/22/2003 7:05 AM) quote.bloomberg.com U.K. Consumers' Rising Debt Threatens Banks, Economic Growth, FSA Says - Bloomberg (1/22/2003 6:56 AM) quote.bloomberg.com