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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (8959)3/21/2003 9:57:48 AM
From: Silver Super Bull  Read Replies (1) | Respond to of 39344
 
jimsioi,

I won't argue that a lot of the charts for gold/silver and shares look ugly. I am basing my views on many different factors and market relationships.

These markets are especially hard to call right now because of the "manic" reactions based off the war effort.

My view is that once we come out of this correction phase we will see an extremely strong bull market move in gold/silver and shares. This view is more based off of intuition at this point.

I'm thinking the coming bull move will most likely be shares leading bullion and silver leading gold.

DB



To: jimsioi who wrote (8959)3/21/2003 11:25:45 AM
From: Little Joe  Read Replies (1) | Respond to of 39344
 
Not sure I agree with your interpretation of the charts. You are correct that the chart is short term oversold. However I see the long term trend as up. There was a breakout followed by a strong rally and now we are getting the pullback back to the breakout area. I would be comfortable buying here on sign of a reversal using a close stop.

Little joe


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