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

To: russwinter who wrote (18792)	8/30/2003 4:48:42 PM
From: ralfph	Read Replies (1) \| Respond to of 39344

Russ you have provided me with some thoughtful and very strong answers to my queries. Thankyou very much. I just had a interesting chat with a Geo. ( Because of my leasure activities I know about a dozen )This guy usualy parrots whatever he is picking up on in the offices of some major. His views seem to be a mix of the prevailing views he aquires from his frequent contacts in the Mining Sector. Short version- "Gold is going higher,it broke the trend line last week." " Majors are in trouble with declining production " I asked about takeovers of explorers, his response was " Nope they all ready tried that, they were done with that in the 90tys, it is just not going to work today." " You watch , the focus is on the juniors " I have known this guy for years. I usualy find that what he has to say is out of touch with what is actualy going on. But I also have figgured out it is a group think kind of thing. So I figure we got at least one major out there who has no intention of growing by doing takeovers and is putting their efforts into exploration. When I asked about a dip " The response was "No it will not happen, I just can not see it " I consider this to be a Red Flag and confirmation we have a dip comming.These guys are wrong way more often than not. There is an amazing amount of views out there from the folks who actualy work in the sector. Many do not believe that the rise in prices will last. Some figure the PM sector will move but the real move has not started yet. Bottom line- I am watching for a dip and will act accordingly. By my charts 350 is the support level for gold. I thought as much when Gold was at 250 and change. I liked the stealth move in the price- its these quick moves that make things harder to geta handle on. Looking for an energy or gas play ralfph