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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (159)	8/31/2003 3:35:54 AM
From: Andrew	Respond to of 29622

LJ, cant disagree with your conclusion. There will be sharp corrections along the way but we must continue to see the forest and not just the trees. I will continue to hold companies with real deposits.

To: Little Joe who wrote (159)	8/31/2003 6:39:59 AM
From: TheBusDriver	Read Replies (3) \| Respond to of 29622

Excellent Joe. Very compelling. As you know I am not TA guy I can just about read a chart<g>. From a layman's point of view in looking at your work I see a conflict, it apprears that HUI and XAU stocks are due to correct or are banging there heads aganist resistance (I know you said this already) but gold DEFINATELY does not look over extended chart wise anyway. So the BIG question is which way do we go? What I suspect is going to happen (from what I see in the charts) is that POG will continue to rise and stocks will begin to underperform compared to gold. Somewhere around $400 we are going to get a correction. One is due. I find this chart from Turk to be very compelling as well: goldmoney.com Classic cup and saucer..... I am currently out of HUI stocks and was never in any XAU stocks. I think it is the jr golds that will benefit from POG running to $400, much more so than HUI stocks. I am 35% cash right now and my game plan is to continue to daytrade HUI stocks whenever possible while waiting for a correction. IF we get to $400 POG I will reduce my jr holdings and wait for a correction. Once we correct I will most likely go to 90% invested and then hold. There is a chance, maybe more than a chance that a general equity market sell off of major proportions will impact gold stocks. I suspect this very well could line up with a $400+ gold situation, if so we get the correction at that same time equities have the rug pulled out from under them and the correction for us is deeper than we will expect but also short lived, if '87 is replayed. What keep me out the tech run and bubble was that I was out when it started and I could not believe that the stocks would keep running as over extended as they were. BUT THEY DID, and they did, and they did, must to my disgust. There is no reason that PM stocks will not do the same thing is a secular bull market. Hopefully we will get our correction at the same time the equities market dumps and we will kill two birds with one stone. If that happens I will become fully committed. At the end of the day what the hell do I know? Nothing. I'm a bozo on this bus, praying to God I do the right thing and listening to you TA guys as much as possible. Sorry for the long post, boring morning! Wayne