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.

Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (1038)	2/20/2004 9:56:03 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 60918

<<lewis stuff has some legs, no?>> Possibly, but it remains to be seen. A DXY close over 88 would make me a believer, because it would indicate at least the end of the current down leg for an IT correction. Chart setups are not favorable for starting (or continuing) big PM allocations. We could reverse next week, but overall I'd say the odds are favoring a general market decline beginning in the next 6 weeks. If so golds and energies won't be spared, that much is clear.....Lance seems to think longs will be "annihilated" (or words to that effect), I believe he's overstating it and that the worst we'll probably see is the 200 day MA on the HUI and the XAU. Still that's another 15% or so, and who really needs that ride if they don't have to take it? The withdrawal of the PPI release is very ominous, IMO....that number should be horrendous, if they had to go to that length to cook it to palatability, then the perception of the Fed "needing" to tighten will increase, the dollar rally will continue, and the gold slide will accelerate (paradoxically, in the minds of everyone who viewed gold as an "inflation hedge"....) I may just use some of the raised funds to add gradually to my physical PM holdings over time. I'm becoming more and more jaundiced about the management of most of these companies as well as their ability to make money, which is the most "fundamental" quality of all. Long term, I still believe gold will see 2000/oz before the end of the decade, if so there will be plenty of opportunities to reestablish big positions. We may have to go through a nuclear K-Wave winter 1st though.... Being Bold Staying Sold Got physical gold.