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.

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

To: TheSlowLane who wrote (29101)	4/14/2004 9:53:01 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 39344

Copper & Commodities Now. I believe part of the rationale for commodities was the belief by some that the US$ was going into to toiler re the Euro. Don Coxe has now spoken about the impact of terrorism on Europe. Today there was an article in the WSJ about the Euro fallacy. The facts as I see them are that Europe is a poor speculation vis a vis the US. What happens to the Euro then becomes irrelevant. Ultimately it will be demand from the US and Asia that drive the prices based on good ole supply and deman. Sure the US has problems - Europe should be so lucky as to have the problems of the US!

To: TheSlowLane who wrote (29101)	4/14/2004 10:19:51 PM
From: rubed	Read Replies (2) \| Respond to of 39344

Check out these charts from Bob Hoye. I think this is what Russ is referring to and expecting. Given the supply/demand situation on copper and lots of other commodities, this is what I am expecting as well. A second top as the US dollar falls, followed by serious implosion in just about everything. We are just finishing leg 1 down... get ready for leg 2 up ... but you don't want to be around for leg 2 down... 205.232.90.194 rube

To: TheSlowLane who wrote (29101)	4/14/2004 11:30:48 PM
From: Little Joe	Respond to of 39344

I have been through some of the commodity bull markets before and my experience is that there are often gut wrenching corrections. My approach has been to keep reasonably close stops and if I get stopped out and prove to be wrong just get back on the horse and ride it again. However, even though I am bullish, I have lost a lot of money by being stubborn when the price moved against me. There were times that I was correct but lost by being over leveraged, too early or too late. I think the best defense to this type of a problem is to constantly keep in mind that you may be wrong and think about what the market will do if you are wrong. When you see that occurring, it is best to get out and live to fight another day. At the moment, I am not convinced that we will correct much more in this gold, silver and commodity bull. But I have a plan whichever way the market goes. Little joe