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

To: Canuck Dave who wrote (16311)	8/10/2003 2:56:30 PM
From: Louis V. Lambrecht	Respond to of 39344

CD, I also follow the SP Commodity index, www2.standardandpoors.com NO gold, as they state that gold is a "financial" commodity. 50% energy, metals 7% (no gold). Not updating on yahoo ^SPCI since Jul 28th, I wonder.... must be royalties problems. <ng>

To: Canuck Dave who wrote (16311)	8/10/2003 4:06:50 PM
From: Little Joe	Read Replies (1) \| Respond to of 39344

Dave: I believe that especially in times of confusion the charts don't lie. I have a high degree of confidence in the projections I made. In my view the technicals are much easier to understand and far more reliable. I have used tech analysis on the CRBI for years. I have heard the "lots of components" arguments and as far as I am concerned they are just wrong. After all you could say the same thing about the DOW, or the S&P indexes or the NASDAQ, etc. More importantly, my experience has convinced me that TA works very well on the CRBI. As for your views on the dollar, remember that the formation of a right shoulder is required and then a break of the neckline by 3% before the call is activated. So, you may be right, but I must say that as I look at the mounting technical evidence, I doubt it. The post was an attempt to demonstrate that not only are the technicals in gold very positive, but that other correlative indexes support a bullish position in gold. I do appreciate your input because it helps me to refine my thinking. At any rate we are all making money now. :) Little joe