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


To: tahoe_bound who wrote (31159)6/14/2003 9:13:33 AM
From: inchingup  Read Replies (4) | Respond to of 36161
 
tahoe:

I am in agreement with you regarding the "physical" gold. I believe my last post here stated I would be holding, though I have doubled down since.

BTW, I have also been trying to find a decent source for 1000 ounce silver bars but have had difficultly finding any company that would part with them for 5% or less above present value.

Any ideas out there?



To: tahoe_bound who wrote (31159)6/14/2003 5:36:31 PM
From: jimsioi  Read Replies (3) | Respond to of 36161
 
tahoe bound, on the HUI

Certainly the HUI seems destined to eventually breakout above 154. When and conclusively is the question.
Gently rising PPO and low DMI on the HUI weekly are supportive to the view that such move would be sustained from here. Propelling higher values would obviously be a drop in the dollar below 92 and any further fall out in the general market from the Freddie Mac episode.....and certainly the eventually realization that as a nation we've been deluding ourselves thinking we were prosperous when we're increasingly of the debtor class. While likely a minor influence at this point, action currently in the CRB is not supportive.

Match to the fuse, if not already lit, would be a reversal in the BONDS, whose rally seems increasingly artificial and dangerous.

I'll admit to being less than a full-on bull in the miners and the metals, and one in the recent past less bullish than to this point seems justified by progress at least in some of the leaders...GSS particularly, which made a new high this week and which I do own.

HUI
stockcharts.com[h,a]wbcaynay[df][pc40!b08!f][iut!Ll14!Le12,26,9!Le12,26,9!Lya7,14,28!Lb14]&pref=G

GSS - don't know if this is the type of "quality" leadership one would prefer to be leading the parade.
stockcharts.com[h,a]wbcaynay[df][pc40!b08!f][iut!Ll14!Le12,26,9!Le12,26,9!Lya7,14,28!Lb14]&pref=G

NEM - the "lead dog" is ....Major swings in investment interest to miners would show up here.....is showing up here??
stockcharts.com[h,a]wbcaynay[df][pc40!b08!f][iut!Ll14!Le12,26,9!Le12,26,9!Lya7,14,28!Lb14]&pref=G

Last week appreciation and some additional buying did take that part of my portfolio in miners and metal to 80% of full allocation. Energy was reduced to 72% of its full allocation with more that half of that in Canroys, themselves reduced 1/3 from the peak hay days. So Tahoe, I'd say I'm more with you that ag'in ya.....And hope you're right that your "I told you sos" can be written in caps, though I'd hold off being quite so bold until the ficklness of this beast (the PM markets) clearly resolves itself on your side.