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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (12198)	3/14/2003 11:48:57 AM
From: moufassa7	Read Replies (1) \| Respond to of 13660

This month's heating bill is more than the mortgage on my first house.

To: moufassa7 who wrote (12198)	3/15/2003 2:27:01 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 13660

I took a 50% position toward a 10% weighting in my portfolio with GOLDX (Gaabelli Gold Fund). If gold does indeed go lower and bottom over the next 1-2 weeks, I will complete my gold position. It is impossible to hit the precise bottom of a sector as volatile as gold. However, XAU 62-63 was my target for the low during this correction and it seems to be bouncing off of this level. Long term, gold is still in the 2nd or 3rd inning of a long bull market and buying in after gold has had a 15-20% correction this year makes sense to me.