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

To: TheBusDriver who wrote (27612)	2/6/2003 9:29:04 AM
From: isopatch	Respond to of 36161

Wayne. Yes. LT, I'm a gold bull. This is just one of those periodic sharp Intermediate Term corrections that are VERY much worth trading for those with the time, skill and experience to play it. Scary corrections are actually classic bull market fare. They keep the majority of players either underinvested or out of the sector entirely until we begin to approach the final LT top. And it doesn't look to me like we're there, yet. Otherwise I'd have sold my physical gold which is currently appreciated to about 11% of total portfolio value. I trade the stocks (mostly for Intermediate Term holds when Mr Market gives me that holding period<g>) But my physical stuff is buy and hold. Used the same two part plan during the 1970s bull market in the PM sector, and it worked very well. Even take the shiny stuff out and look at it now and then. <Good vibs> as we used to say, in the late 60s:$)) All the best, Isopatch