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To: orkrious who wrote (285646)	4/28/2004 11:22:14 PM
From: Michael Watkins	Respond to of 436258

Stirring stuff from Mr. Puplava. Makes me want to stock an underground cavern with food and ammo. But I wonder if Mr. Puplava will be happy with his advice in the months to come. If the gold rally continues (a big if in my books) I will buy back in. In the meantime, until proven otherwise, I have to wonder if a trend change warning shot has been fired across the bow. Until proven otherwise, I have to assume so. Price tells no lies... it is what it is. Message 20073712 I posted some big charts on that thread showing seasonality (a non issue I think) and discussed the reality that since 1975 there have been only three up trends of note in all that time. Another thought: One trend (da big one) was 4 years long (but took 5 to confirm it was over); one was 3 years; and the last... still on-going, is in its 4th year. Is this Gold rally in the old age home already? For all we know we have witnessed this past four weeks the end of this one. It would be cool to be wrong and witness a stunning climb getting back in is no problem for me - no emotional hang ups here. But I don't think its cool to convince people to buy a falling knife with narry a single word of caution... not one. These are the times that separate the men from the boys as well as the speculators from investors. As for myself, I was a big buyer today. It isn't hard when you see the barometer dropping rapidly. If interventionists want to panic the markets and drive the price of gold and silver down, then I will gladly take it off their hands. I prefer a lifeboat made out of something solid versus one made out of paper that will sink. Gold floats? LOL