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


To: SliderOnTheBlack who wrote (29920)3/27/2003 4:56:03 PM
From: FlameMe  Respond to of 36161
 
quick question for you gold followers. i don't follow it that closely, but lurked around here when the hysteria/doom was reaching a fevered pitch. this isn't meant to be a flame, but a genuine question. what happened to the theory about a massive derivative meltdown once gold breached $330 (or whatever it was) and JPM going down the tubes? Again, not a flame, but is that still an issue or do we conclude that was never really an issue.

slider, i've followed along somewhat for a month or two and get a good chuckle out of your posts because they are so spot on.



To: SliderOnTheBlack who wrote (29920)3/27/2003 5:01:48 PM
From: NOW  Read Replies (1) | Respond to of 36161
 
comms are at lowest short position in 20 weeks.



To: SliderOnTheBlack who wrote (29920)3/27/2003 10:24:12 PM
From: c.hinton  Respond to of 36161
 
Once again,thank you.



To: SliderOnTheBlack who wrote (29920)3/28/2003 7:22:24 AM
From: TheSlowLane  Read Replies (1) | Respond to of 36161
 
Slider - a question from the unwashed masses. You have said that you see the big money sitting it out until gold hits 305-311 and then you would expect to see it come off the sidelines. From that I gather that you believe that the secular bull market trend is still intact but in the short-to-intermediate term the trend remains down. Most of us lumpeninvestoriat do not have the trading skills that you have acquired and as Marc Faber says, if you are not a professional race car driver, don't try to drive like one. That being the case, does it not make sense for people who are not skilled traders to work on a longer time interval and spend some time here working to identify the best juniors for the long haul? I only started looking at gold because of concern over the dollar, which I don't expect to improve soon, but have found that this is a minefield (pun intended) that I've walked into. Just a sincere question from a small investor who is trying not to get smaller...