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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 (2868)	1/22/2003 11:36:44 PM
From: 4figureau	Respond to of 5423

Gold Spot!!!!!!! Market Open High Low Last Change Time Index 360.30 365.50 358.00 365.4 +5.10 11:29PM

To: Jim Willie CB who wrote (2868)	1/22/2003 11:40:55 PM
From: 4figureau	Respond to of 5423

Did it not start about 117 way back when? That is where it is going eventually IMO.

To: Jim Willie CB who wrote (2868)	1/23/2003 8:50:03 AM
From: 4figureau	Read Replies (2) \| Respond to of 5423

GOLD is in a Primary Bull Market Richard Russell Dow Theory Letters 23 January, 2003 Gold -- The operative concept is simple enough although few people believe it. What's the operative concept? Here it is -- GOLD IS IN A PRIMARY BULL MARKET I note people trading in and out of gold shares, trading in and out of gold futures, even buying and selling gold coins. This is a mistake -- it's a mistake based on the fallacy that you can predict or out-guess an item that is in the early stages of a primary bull market. What this in-and-out trading usually results in is the trader trading himself out of the bull market and losing his position in the bull market. The way to invest in a bull market is to take your initial position, as I hope all my subscribers have done, and then ADD to your position on corrections or declines. I've often stated that it's exceedingly difficult to ride the bull to somewhere near the ultimate high. All the "experts" will tell you that "the market is too high," "the market is ahead of itself," "the market is not being confirmed," "gold shares are behind the metal so beware," "silver hasn't confirmed gold," and so forth. What these people forget is the basic thesis that in a bull market gold goes up one way or another, and the stocks, one way or another, will rise with the price of gold. There's no law that states that gold and gold shares have to go up in unison. The idea is to load up on gold and gold shares and ride the bull. That's the idea. It's a simple idea. Yet few people follow it. This is a point & figure chart of the Amex gold bugs Index of unhedged gold shares. What we see here is a huge base. The breakout will come at 156 on the HUI. 321gold.com 321gold.com