Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim Willie CB who wrote (3768)	11/22/2003 6:36:47 PM
From: jimsioi	Read Replies (2) \| Respond to of 108704

Jim Willies on S&P and Gold I'll next read Hamilton's piece on the general market, which to me doesn't look any too strong in just a moment...Came by to post a piece I wrote over on the Yahoo Harmony board after considering the state of the situation for gold and miners with relation to the $400 barrier and options expiration. Basically I'm wary. post.messages.yahoo.com I'm further concerned if Hamilton is right that weakness in the general US stock market will spill over to others and engulf almost all sectors. The best thing for Copper and even Gold is for high growth with an inflationary bias....weak market leads to the everything (or almost) being pulled down, in my opinion. I'll now read Hamilton's piece though my impression of his calls on the general market have at best been mixed....he's called for a number of dramatic moves for stocks using a number of indicators and correlations that have yet to occur, and again if I’m correct missed the March to October rally, all together. My thought is that the general equity market will drift with a slight downward bias till year's end.....and that won't be particularly good for commodities, miners and the related. Winners I suspect have packed their bags for warmer friendlier climes, while those who need to make a living or are trying to make a come back trash it out in a disorderly lower volume uninspiring trading range till the new year....Dusting off the suitcases myself, thinking there's more frustration in the last 20 odd trading days of the year than much else.....

To: Jim Willie CB who wrote (3768)	11/22/2003 7:07:42 PM
From: jimsioi	Read Replies (1) \| Respond to of 108704

Hamilton: "Now I suspect that even the most belligerent skeptic would have to admit that the Nikkei-SPX parallels in rally 4 to this point have been uncanny" YES "So is a big plunge in the US markets rapidly approaching? No one will know for sure until the future arrives. The eerie Nikkei-SPX parallels have been absolutely amazing to this point, but only time will tell if they will hold going forward." OK, so maybe..... I'll venture that the QQQ will wind its way down to about 32.35 before finishing the year at 33.15. (I'd be inclined to short any pop, here.) stockcharts.com[l,a]dacayiay[dc][pb40!c200!i!f][vc60][iUl14!Up14,3,3!Lg!Lc9!Lf!Le12,26,9!Lb14!Lya7,14,28]&pref=G I'll also go out on a limb and say the CRB has peaked for this year....I think with just a little more than a month to go for 2003 I can remember the forecasts. As Hamilton says, "No one will know for sure until the future arrives," but one has to place his or her bets before hand to make any money.... I particularly don't like December for trading purposes and anticipate being less active, hoping to have made any necessary and timely exits prior to the bargins arriving.... Portfolio is nervously 35% Miners and PMs, somewhat more content 10% E&Ps and 15% CanRoys, 25% cash with the remainder in not particularly well performing others.