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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (47558)	3/19/2004 5:33:45 PM
From: EL KABONG!!!	Read Replies (2) \| Respond to of 74559

Hi Jay, I am embarrassed to mention but will anyway, I purchased back 50% of my paper gold position. I am still way heavy the USD. The longer I am overweight the USD, the less comfortable I am, although I am unwilling to wade back into Euro or Yen, and cannot see myself loading up on minor European country (CHF, DDK, NOK, SEK) currencies. Being heavy on the US$ is certainly nothing to be ashamed of. At worst, you're ahead of the curve, and at best, the US$ surprises everyone and rises against most other currencies before anyone anticipates the positive move. The US$ has been trampled upon by most other currencies for some time now. In the future, this situation will undoubtedly reverse itself, as currency movements are, by their very nature, cyclical. The correct question, in my opinion, is not if the US$ will reverse its current direction; the question that should be asked is when. Which is why I say to you that, at worst, you're a tad early in accumulating the US$. How early is anyone's guess... KJC

To: TobagoJack who wrote (47558)	3/20/2004 4:18:39 PM
From: pezz	Respond to of 74559

<<I am embarrassed to mention but will anyway, I purchased back 50% of my paper gold position.>> Well ya gotta do what ya gotta do. Many years ago before the first rise in PM after reading a book predicting a rise in Gold and silver by some guy named Brown my Dad bought 30,000oz of silver @ 1 or 2 bucks and told me it wuz goin to the moon. A while later he sold it @ $3 and said he would buy it back when it got back down to $2.....The rest is history. The moral of the story is "never be too smart"....If ya like the damn stuff trying to be too "cute" can indeed be embarrassing.