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

To: SwampDogg who wrote (21498)	9/30/2003 11:07:30 PM
From: loantech	Respond to of 39344

Dollar has not yet broken to new lows. Maybe gold will break to the upside first I think. quotes.ino.com

To: SwampDogg who wrote (21498)	9/30/2003 11:24:35 PM
From: gold$10k	Read Replies (1) \| Respond to of 39344

The Lady doth protest too much me thinks....

To: SwampDogg who wrote (21498)	9/30/2003 11:52:29 PM
From: TrueScouse	Respond to of 39344

Hi fuddle: <<he fact that gold has not been able to take out the early year highs with this dollar weakness is also a concern.>> What early year highs are you referring to? And what do you mean "has not been able to take out..."? The POG does not trade in sync with the US dollar index on a daily basis. But over the long term the correlation is pretty clear. On the charts I follow, the London PM gold fix closed today at a 7-year monthly high -- the highest monthly close since May 1996. The COMEX December futures contract made a life of contract high close. We are in a bull market. We have a clear uptrend showing on all the charts -- since April 2001. If you're a technical analyst, what more do you want? I agree that there's a significant risk of a correction, but let's keep things in perspective. This is a time to be long gold and the gold stocks -- using an appropriate amount of your risk capital, geared to your individual risk profile. Don't let yourself be faked out. As Jesse Livermore used to say, "never lose your position". Scale up, scale down, diversify, take partial profits, buy puts for protection, etc., etc., ... but never lose your position in a major trend. JMHO. Regards, Howy

To: SwampDogg who wrote (21498)	10/1/2003 12:00:17 AM
From: Claude Cormier	Respond to of 39344

<The fact that gold has not been able to take out the early year highs with this dollar weakness is also a concern. > But it did at $395. All gold need to do now to confirm the bull is take the 1996 high at $414ish.

To: SwampDogg who wrote (21498)	10/1/2003 12:15:16 AM
From: Cogito Ergo Sum	Respond to of 39344

Hi fuddle, The rather muted momentary respond by gold is a concern. Although I've recently added CNI I've also gone down < 25% PMs and mainly news driven explorers. investorshub.com It's interesting that with the TA and EW folks on SI and iHub we still have so many differing opinions / interpretations. Me I'm leaning to a bit more up but I've paid off the mortgage on the farm just in case I'm wrong :o) I always get scared when I start thinking about how many possible doubles, triples and quadruples I have in my PF... That's been happening a bit lately.. LOL.. Didn't you used to post on the Chief's old CDN Daytrading thread ? regards Kastel

To: SwampDogg who wrote (21498)	10/1/2003 5:52:28 AM
From: Andrew	Read Replies (1) \| Respond to of 39344

Hi fuddle, you remember the wonderful days way back in early 2000 when Bid.com was trading at $32 or so and I asked what the rationale was behind the price moving so high and posted that I was shorting it. I remember YOU telling me that I didn't know how to value tech stocks. I wish I could find the posts but I cant even find the BID.bomb thread Yes some of the junior garbage has moved a bit too high and I can tell you with all certainty that 95%+ of the juniors touted here will never have a real mine. But I can also tell you that the gold move is far from over and even if metal prices do pull back it will be a blip on the screen years from now and merely a trading opportunity. I have not become bullish on silver until just recently. Think about it, a metal with many current industrial uses which by itself can hardly be mined economically at current prices. Someone please correct me if I'm wrong but I think most of the current supply is mining byproduct. An ounce of this precious metal can be purchased for about the same price as a pack of smokes. I'm more of a technical than fundamental analyst but I'm not really sure how much longer this ratio of 1 ounce silver to 1 pack of smokes can last. Who knows maybe tobacco is overpriced but I'm not buying into deflation. Metals prices must move higher simply because the cost of producing them are rising. Energy costs and labor costs are rising. Many mining companies have been highgrading to remain profitable compounded with the fact that exploration had virtually ceased after Bre-X until recently. Any new found deposits even if economic will take years to bring to production. As far as supply and demand is concerned just think China. And besides you know what Trudeau would have said.