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

To: Pete who wrote (23907)	11/12/2003 4:39:49 PM
From: Louis V. Lambrecht	Respond to of 39344

LOL! Still the 3rd in my holdings, port up 8% at close. I hould worry, usually every good day as today is followed by serious corrections (in my port). Got some positions near a hair-cut (risk-management: don't let any one position expose you to xxx% of your acceptable risk), could be tomorrow in PASS and HL). Will not argue, as some of my holdings are in CAD, others in USD and I should compare appels to appels. Anyway, nice day. Almost got my expenses paid for another year. And my holdings are "conservative". Just anxious to know tomorrows noon exchange rates in Europe, on which my port is based. Dollar Index settlement @ 92.31 looks very nearish to me. But as most watchers are bearish the Dollar, my contrarian point of view is that we have some surprises to come. My observations would suggest a break of $400 in the POG very soon, but a longs-squeeze by Nov 26 (firt notice for the Dec Comex gold contracts). Real POG break after FYE 2003 (let the "cartel" show they could limit the damege, then release the horses: IMHO, we have a repeat of Dec 2001- Feb 2002 action in the POG).