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


To: que seria who wrote (18865)8/31/2003 1:38:26 PM
From: Canuck Dave  Respond to of 39344
 
Great post except for the last two words.

"Envy-mongering" ???

CD



To: que seria who wrote (18865)8/31/2003 2:17:28 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 39344
 
que-seria <<I don't see anyone using RR as a topping indicator for a gold bull market--maybe, though, this stage of it. >>

This is true but misses the point I was trying to make. While not using RR is an indicator, some are using statements by others at this time as same. The point is, if Russell is advocating this move at *this point in time* then others who are used as indicators *at this point in time* should not be used as same ie. If on August 31 RR goes very bullish then how can it be said that ANYONE who has made overly positive forecasts re the POG before this date should be used as an indicator to reduce ? Answer, they can't. This is where I draw the line personally. If he goes down then I also go down. He's the original gold bug so to speak and has been pre-mature on this for years until lately.

But is he also talking to us here who have more knowledge of the junior companies ? Look at it this way. What would Russell REALLY like to say without looking like a lunatic ?
If I read him correctly he is thinking or implying that a person should put almost ALL of their savings in gold and gold stocks. He just can't come out and say this and maintain a conservative audience. Russell is saying that the US dollar is finished, toilet paper.

Come Tuesday and the weeks ahead as his comments spread look for a Russell induced run up in gold and gold shares.
Oh yes the commercials, lets not forget them. Maybe we can assist them in looking for new careers ?

Finally, gold is an emotional and perceptual play. When GOLD FEVER hits ( In every society in history it eventually did ) you can throw away your charts. I don't suppose the miners of '49 in California consulted their charts before shooting other miners ?

emerson

( call me my last name so as not to confuse with ralfph as everyone already knows I'm sure :-)