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To: Little Joe who wrote (5356)4/28/2004 9:23:02 PM
From: crustyoldprospector  Read Replies (2) | Respond to of 60910
 
Hi Little Joe,

No doubt that end-o-month hijinks will keep the bottom from falling out of the Nasdaq before Friday. You won't miss out waiting on USPIX until then.

Hard to believe given today's action, but the seasonal in gold is turning in our favor right now. If you pick 'em right, now may be a good time to buy explorers with promising drill programs. However, the coming months will definitely be a stock picker's period.

As always, all IMHO.

Regards,

crusty



To: Little Joe who wrote (5356)4/28/2004 9:28:35 PM
From: crustyoldprospector  Read Replies (1) | Respond to of 60910
 
P.S. Where were the put buyers today? NASTY declines like this in the past year have generally got the put:call above .70 , but the put buyers were nowhere to be seen today:

vtoreport.com

I think that is another indication that it's time to take the bear case a bit more seriously.

crusty