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

To: gold$10k who wrote (214)	9/12/2003 11:37:27 PM
From: Little Joe	Read Replies (1) \| Respond to of 29622

I can always respect protecting profits. However, when I look at the charts, I believe that we are not in the same market phase we were in for the last years. It has been a long time since we have seen a primary bull in gold and most of us are acting like this is a rally in a bear market. I think we need to get far more overbought before we see a decent correction. There has been a sea change in the market toward the physical. Take a look at a chart of Phelps Dodge. finance.yahoo.com or Inco finance.yahoo.com These are multi year bases. Everything is synching to indicate that inflation is coming. There is a new paradigm and that new paradigm is that commodities are in a bull market and that means gold is in a bull market, ergo I am holding. Maybe doing some shifting into stocks that are technically looking better than others, and avoiding the weak sisters like RGLD, but I want to be in this market. I think you may be buying back higher. Of course, on the other hand, I have noticed that you are a far better trader than I. Little joe