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

To: Louis V. Lambrecht who wrote (11317)	5/21/2003 6:14:16 PM
From: russwinter	Read Replies (1) \| Respond to of 39344

I agree with every remark you've made. My hunch is that the surprise may be that bond prices break down faster than the USD, so I don't know if a big bet against the USD/or long Au, is the preferred trade. I'm just hoping for a catch-up move in the gold equities, and today looked a bit more promising. In bonds the damage may happen faster in shorter paper, and in the credit spread longer term. The commercials are especially short the Eurodollars, and 5yr TN, but are still long the 10 and 30 TB. My bullish on crude oil is shorter term, I don't have an opinion beyond a year. Exploration hasn't been intense enough to help supply through year-end, and the jury is still out on early 04.