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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 (3506)	2/28/2003 3:08:17 PM
From: Jim Willie CB	Respond to of 5423

Harry Schultz on Gold ... buy-buy time, not bye-bye! From 'Uncle' Harry Schultz February 17, 2003 Gold is in a strong bull market that began more than a year ago, but it has added a so-called war premium--ie an additional say 10% +/-. Thus, when UN security council members spoke last wk, mostly saying there is no rush to go to war, gold's war premium melted away. Technically, gold returned to a recent breakout zone, which is quite normal in any stock, commodity or bond. There is significant support in the $342.50 to 347.50 area, which is also the oversold side of its power down trend channel. The outlook therefore is for a rebound & resumption of the bull mkt. This is similar to the sharp reaction (50% actually) in the great gold bull mkt of the 70's. I held a seminar in Switzerland at the bottom of that 50% fall & told attendees this was now a time to buy. The famed Nobel economist Von Hayek was one of my guest speakers at that event. He did not disagree with my logic. [ONCE MORE ECONOMIST DONT KNOW SHIT !!!] If one believes in buy low, sell high, then this is a buy-buy time, not bye-bye. If one believes in buy high, sell low, then U are on a losing team. Asians are happy with low prices & only buy on corrections. I suggest U now behave like an Asian. Gold is headed for $410 before long, IMO. Gold be with U. Uncle Harry Feb 17, 03