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

To: Jim Willie CB who wrote (6981)	1/29/2004 4:21:19 PM
From: isopatch	Respond to of 108954

Jim. That's certainly right on. I think you've written well in your own published articles about these same issues. On quite a few occasions, in my opinion at least, you were well ahead of most of the better known financial writers and macro economic analysts. FWIW, I think we're finally getting close to the end of this very sharp swoon in the PM sector. From where I sit, and in the context of what I have to do every day? The question is: Once we have an initial sharp rally off the bottom, will we have a deep or a shallow test of the initial low. In short, a symetrical or asymetrical W bottom. FWIW, what I think we're likely to see is the initial confirmed within the next one or two trading days, a sharp rally off that low THEN a test after the G-7 meeting when I expect there to be another back room among the US friendly CBs to make another coordinated attack on gold the week following the meeting. If so, that would offer a lower risk entry opportunity IMHO. All the best, Isopatch