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

To: terry richardson who wrote (26845)	1/27/2003 10:12:59 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 36161

>> Jim Sinclair has just published an excellent piece which explains the rise in gold and the lackluster action in the unhedged shares. << Most of the short interest figures are from mid Jan. They don't show the relationship necessary for Sinclair's hypothesis to be a major factor (imho). I suspect that we'll need one more pullback (at the minimum) before breakout, but we should know more this week. If gold stocks can't breakout this week then odds are very high for a retest of HUI 138 ish.

To: terry richardson who wrote (26845)	1/28/2003 1:19:36 AM
From: ild	Respond to of 36161

I thought the same, but in fact short interest in gold shares went down from December to January #reply-18497457 . It looks like gold bugs just sold their stocks (like Slider). The hardest thing in a bull market is not to sell to early. DISCLOSURE: Sold a lot shares, sold covered calls, bought protective puts. Partially responsible for golds shares poor performance.

To: terry richardson who wrote (26845)	1/28/2003 4:19:09 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 36161

I just posted same. Sorry for the duplication. Did not see your post until too late. Wayne

To: terry richardson who wrote (26845)	1/28/2003 8:08:17 AM
From: Steve Lee	Read Replies (2) \| Respond to of 36161

"American personnel being sniped at and ambushed on a daily basis in a long occupation" It will be seen as a liberation by the locals rather than an occupation. This is not Afghanistan where there are hordes of fundamentalists and people have lived in caves and fought all comers. Iraqis have lived in fear of the leadership and have been under this "occupation" for decades. US has the opportunity to come out of this smelling of roses so long as they don't unnecessarily kill loads of civilians and conscripts that wouldn't put up a fight anyway. Hopefully the Saddam-hating boys and men of the Republican Guard won't get carpet bombed this time.