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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (12792)	4/28/2004 5:07:44 PM
From: NOW	Respond to of 110194

ipages4u.com@excite.com_AE_68_0427gold2.jpg

To: russwinter who wrote (12792)	4/28/2004 5:21:14 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 110194

If this is truly the BIG Bull market in PM's as many here accept as fact then it surely is acting in classic fashion. Climbing the old wall of worry, small to medium spikes up that everyone frothing at the mouth, followed by a deep swoon that makes even the perma-bulls sit back an evaluate the 'bull' status. Richard Russell always says the hardest market to ride is the young bull market. Virtually no one stays for the whole ride. The Man sure knows what he is talking about. Throw in the inherent volatility of the sector and it makes for one hell of a roller coaster ride. I would love to say that I played this bull market perfect to date but that would of course be a lie. Russ and a few others gave some warnings pre-July/02 about the overbought state of the juniors and I pretty much ignored them. One ass burning later, lesson learned. This time I sold some positions, 50% or so when gold hit $425. Still taking my share this time but it could be worse. I agree with Russ, seems a good time to renter, selectively and cautiously (can one do that in this sector). The fundamentals have not changed, more in PM's favor really, but if one wants to trade this sector they have to constantly revist thier trades, see what they missed, what they can do better next time. So when gold goes to $480 this summer, we will all be selling, right? LOL.....