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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (935)9/26/2003 11:58:04 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 108616
 
copper 3-year chart, breakout (implicatns for gold miners)

stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

we have a bullish ascending triangle, with breakout this summer
the triangle took form since summer 2002 to summer 2003

the top was 79, with impulse low of 66 in October 2002
another intermediate impulse low of 72 in May 2003

target is 79 + 13 = 92

current price is around 83

implications for gold miners are big, but not universal
many mines have mineralization of copper iron oxide gold (CIOG)
where they do, the copper byproduct price is critical

copper has often been labeled as "industrial gold"
many uses in electronics, house and office wiring, etc

it is important to watch copper when investing in gold

silver, on the other hand, usually has byproducts of lead and zinc in its mineralizations

/ jim



To: isopatch who wrote (935)9/26/2003 12:01:23 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 108616
 
Jim Grant interviewed on CNBC, bullish on SILVER

there is no official spokesman for silver
no govt agency, no strong institutions, nothing
$1 billion more silver is consumed each year, versus produced
we have perenniel bullish fundamentals for silver
investment demand will make silver rise in price
all hinges upon the fate of the USDollar, which is in trouble

something has seriously changed in the world recently
govts are weakening currencies in every single continent
the greatest debasement of currency is taking place in the USA
we have a willful policy of currency depreciation
stewards of currencies are now actively attempting to cheapen the money in your wallet

when CNBC's extremely inept Consuela tried to claim that Grant owns a position in PanAmerican Silver (PAAS), he laughed at her and denied it
he used PAAS as an example of silver investments available
and how successful they have been

she attempted to disparage silver as having suffered badly in recent years
she apparently forgets that many tech stocks have declined over 90%

precious metals is fighting the good fight in the press & media
they are winning a long long slow difficult battle

I ONLY HOPE THE BATTLE LASTS A LONG TIME
AND THEY ARE NOT TRIUMPHANT FOR A WHILE
OF COURSE, PRECIOUS METALS WILL PREVAIL
THEY ALWAYS DO, IN EVERY CENTURY OF RECORDED HISTORY
these decades are no different

the more the Fed and TrezDept fight the inevitable, the greater the bull market for gold & silver will be
I love their heroic efforts
so far, monetization efforts have two beneficiaries: China and Gold/Silver

/ jim



To: isopatch who wrote (935)9/26/2003 1:18:39 PM
From: yard_man  Respond to of 108616
 
>>Five Day HUI chart<<

it's over -- get out quick -- oh, you're already out? -- sorry, I forgot <g>