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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: A Horse With No Name who wrote (33144)	10/13/2003 6:32:44 PM
From: Jane4IceCream	Read Replies (2) \| Respond to of 36161

Cant speak for nspolar but this board is liberal oriented where any poster may chime in without worry of being oppressed for his/her thoughts and/or beliefs. In other words, there is no "good ole boys" club here. Jane

To: A Horse With No Name who wrote (33144)	10/14/2003 3:41:12 PM
From: nspolar	Read Replies (1) \| Respond to of 36161

ben, last evening I wrote: I thought Friday's action decent to good, and liked the sentiment as expressed by various boards (maybe I'm referring to the contrarian sentiment here). I thought today's action even better. If you notice POG moved up in a very nice powerful looking wave (impulsive maybe), that could be the start of something, whilst the dollar was also moving up. At the moment POG is holding somewhat okay, and the dollar has moved further up, into over bought territory. I don't think we quite have confirmation that an HUI correction is over, but if it is the correction will have lasted a very nice time fib of the one in June. I would chart this as a start of a 5th for this series, with the more bullish possibility still being on the table that we are entering a iii of 3, per the notations I use. If the correction is not over another slap down from here should be brief. The iii of 3 is more than a pipe dream imo, but now I prefer the 5th scenario, to limit my own enthusiasm. Target would most likely be over the 250 area for the latter and well over 300 for the former. I'm sure you read Sinclair, and I believe he has had some very timely and accurate FA comments, re the perceived performance of Bush and crew by the outside world, plus who is selling dollars, buying gold etc. Rather dismal if you are a Yankee. The COT comm position curve may have bottomed (they may be switching to long positions now). We should know more come Friday, but I would not be surprised if the comm switch from net short to net long has started, in both silver and gold, and that it started with covering before the last gold/silver price peak(s). If this switch is in progress there is a lot of fuel to be added to the fire. I think this gold bull continues to do what it has done best to date, and that is hide its strength and confound the rapid fire traders.