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

To: Claude Cormier who wrote (27630)	2/6/2003 9:36:56 AM
From: Frank Pembleton	Respond to of 36161

Claude, I agree-- I'm also holding some of your "buy" picks from your last issue-- I'm may be a trader, but I also appreciate good long-term opportunities. Best, Frank P.

To: Claude Cormier who wrote (27630)	2/7/2003 10:43:09 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

Claude ["As for $300 by mid-summer.. there is only the EWT guys that pretend that such prices are still possible. The odds are against it."] ...if one looks at the recent "Too Far, Too Fast & Too Easy" move that the POG (and the HUI Stocks) just made...the only "real" battle that was fought and won buy BIG/LONGTERM Money in the Bullion Pit was at $300-307...it is emotional, not logical; to not anticipate (vs. reacting to - in the future) that a true Multi-Year Up Cycle for Gold; will not have a future Re-Test fought at that KEY level for POG again. One more re-test & battle won @ HUI 95-105ish (the only level a true battle/war was won by BIG/Longterm Money) & Gold $300-307 (ditto) is not just probable; but imho - may be a PREREQUISITE for an actual Multi-Year Up Cycle for Gold to be born (that goes to "significiant new highs (ie: $450+)... In all due respect; your comments are in blatant violation (vbg) of the FEAR vs GREED rule - that must always be paramount in mature/late Cycles...with these types of profits just hanging out there in the winds of ramping Risk. ...the same types of re-tests occur more often than not in virtually all multi-year Commodity Up Cycles....and if we don't base @ 120-125ish here and soon rally thru 154 to HUI 175ish+ NEW highs...I'd say that if & when it walks & acts like a double-top Duck(HUI 150ish), waddles like a double-top Duck, looks like a double-top Duck and smells like a double-top Duck - then maybe, just maybe - it is (WAS) a Double-Top Duck....and an awfull lot of 1980-Deja Vu-All Over Again, Deer in Sinclair-Headlight Gold-Mania Bulls, are going to be giving back one helluva lot of money here - pretty damn soon.