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To: reaper who wrote (247516)6/27/2003 3:01:59 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
what made you go long here: charts look awful.



To: reaper who wrote (247516)6/27/2003 3:17:25 PM
From: UnBelievable  Respond to of 436258
 
I Would Just Keep Some Stops Under It.

50 SMA did not provide support and 200 SMA is about 3 points below.

It was somewhat heavier today than I expected.



To: reaper who wrote (247516)6/28/2003 1:42:01 PM
From: Rarebird  Respond to of 436258
 
Gold is certainly NOT on the radar screens of the "ordinary investor". Ordinary investors are sticking with limpet-like tenacity to the stock market, or chasing domestic and/or foreign debt paper which offers them some kind of positive yield.

As most people see it, Gold can't help them. It doesn't yield anything, there are comparatively high transaction costs involved in buying and selling it, and it can't seem to sustain an uptrend for long.

To question the soundness of the system as it is presently constituted is deemed "unhelpful". To warn of the inherent weakness of the system is deemed "alarmist". To suggest that Gold provides insurance against a systemic breakdown unmatched by any other class of "asset" is deemed hopelessly old fashioned.

The latest writing on the wall has been the bond bloodbath of the past seven or eight trading days. It is one of the only two "bubbles" left. Pop the bond bubble, and the housing bubble will evaporate like a snowflake in a furnace.

Sincerely,

One who views Learning as his God and Education as his Religion.

HoHoHo