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To: 4figureau who wrote (3175)2/6/2003 9:58:05 AM
From: 4figureau  Read Replies (1) | Respond to of 5423
 
Russell on Gold
There's no fever like gold fever

Richard Russell
Dow Theory Letters
6 February, 2003

"There's no fever like gold fever."

Is this phrase about to be revived? It's too early to tell, but it does seem that the gold choo-choo train is slowly
emerging from that long dark tunnel and is now chug-chug chugging down the track.

The smart boys are telling us that gold is rising because of declining gold production. Bull shit -- we old timers
know better. Gold moves when people get the fever.

Steel and copper and sugar and oats move on production numbers. Gold mover on human emotions. And
believe me, there's no fever like gold fever. I'm not saying that the fever is here yet, but I'll tell you something
-- I'm getting little hints that the fever might not be far off.

Gold was up on a stilt and needed correcting. And it got 'correcting.' Today's action was just another way for
gold to warn the public -- "Hey suckers, you see how dangerous it is to buy and to hold this useless yellow relic
of a bygone era."

321gold.com



To: 4figureau who wrote (3175)2/6/2003 3:09:47 PM
From: Silver Super Bull  Read Replies (2) | Respond to of 5423
 
4fig,

This is a very interesting development. Big increases in margin. I'm a bit surprised that it is happening already.

DB