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


To: jrhana who wrote (20881)9/21/2003 3:09:57 PM
From: russwinter  Read Replies (4) | Respond to of 39344
 
<These old wiley* veterans stayed alive and thrived by trading every wiggle during the early transition from the deeply over sold state of the late bear market to the very early bull market.>

My primary point is that we've ALREADY HAD a great bull market in gold stocks for nearly three years. Sure, it's been stealthy, and has had a couple big corrections, but 500% is 500%, and I would define that as a "big bull market", not an "early transition" from a bear market.
finance.yahoo.com^HUI&t=5y&l=on&z=m&q=l&c=
I have more than a little problem with those who act like this move is "something new or young, ground floor", etc. Personally along the way, I never traded "every little wiggle". I pulled back a few times: summer of 2002, and January, 2003. In hindsight the Jan, 2003 pullback I made was somewhat unnecessary, but at least I quickly got reloaded in March, when I could see the kettle boiling. This one however, looks different (more bearish, perhaps terminal) than summer, 2002, and Jan. 2003.



To: jrhana who wrote (20881)9/21/2003 3:40:46 PM
From: loantech  Respond to of 39344
 
Not the wiggles jr, remember the old SDII slice and dice of every move. About as cagey as that famous slice and dicer pitchman selling the quick chopper.<g>