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

To: Andrew who wrote (20718)	9/19/2003 4:22:36 AM
From: jrhana	Respond to of 39344

I am neither short nor long but the market has been going up for months despite endless similar posts. I just do not think it makes sense to short until a downtrend is in place You never know how high is up good luck and I hope you make money

To: Andrew who wrote (20718)	9/19/2003 5:43:34 AM
From: loantech	Read Replies (1) \| Respond to of 39344

<Good now that everyone is universally bullish I suspect that we are set to crash in a few weeks just in time for October.> Andrew, Very good point. Thanks for seeing through the fog. tom

To: Andrew who wrote (20718)	9/19/2003 6:20:36 AM
From: crustyoldprospector	Read Replies (3) \| Respond to of 39344

Danger for shorts here is that once guys like Russell and Saville start giving the DOW benefit of the doubt, volumes and prices may perk up in concert. Might be a blow-off, but blow off to where? With DOW 9600 taken out, I don't see resistance until 10300. Gold will continue following stocks, and for now that general direction is up (a possible gold pull-back next week notwithstanding). NEM looks primed for a run. It is insurance now, on both stocks and bonds. But, when stocks get sold, I suspect the insurance will get sold, too, and hard. Still think the patient person will buy gold stocks at a discount to today's price in late Oct/early Nov. Regards, crusty