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

To: jrhana who wrote (21590)	10/2/2003 7:25:29 PM
From: austrieconomist	Read Replies (1) \| Respond to of 39344

sorry to be another negative poster on gold stocks (but forgive me because I am "only" about 50% PM stocks at this time): (1) Russ is negative in the sense that he sees some froth (Russ, correct me if I am wrong), (2) Richard Russell is "sensing" a correction in gold stocks, (3) the 4 month Lambrecht cycle peaked at the end of September and we're now in the downswing, (4) Russ has also noted the amount of new paper that is likely to be distributed to the market in the 4th quarter due to past financings,(5)it might start dawning on folks that Shilling and Roach may be correct that deflation is at least as likely an outcome as inflation -- the knee jerk investment reaction to that possibility is not favorable to gold, and (6) liquidity is being withdrawn from the system: research.stlouisfed.org MZM is now down to less than a 4% rate the past two months. So my investment position is the same as always: consider all possibilities, invest where there are existing values in either inf/def environment (the gassies are looking better for an increasing portfolio share, and those golds that have the deposits and resources in place without resort to great financing needs), and look for good opportunities in SE Asia (where the future, in financial terms, is located) and, above all, be flexible and vigilant. Good investing