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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (6189)	5/7/2004 9:41:54 AM
From: Michael Watkins	Respond to of 60924

Michael - yes, you are absolutely right, Gold COULD do that. But if it doesn't.... long term gold holders will give up even more. For now, the recent lows are the final line in the sand. If I had a gun to my head and could not sell when I should have, I would probably be looking at those levels. Each person has to make their own call. For now, the scenario is playing out as I've expected (and talked about) for some time. Rising USD, falling Gold. I never, ever, argue with a failed test of top. I'd rather take a tax hit than a 50% haircut. Which is cheaper?

To: Square_Dealings who wrote (6189)	5/7/2004 9:46:58 AM
From: jimsioi	Read Replies (1) \| Respond to of 60924

HUI spikes to new lows and bounces... Not quite ready to give up on the glimmer of hope that we could see a reversal here....after all the bonds are falling on inflation concerns a robust economy would bring...what's that mean for copper and silver, industrial commodities...and particularly energy... stockcharts.com[r,a]eecaynay[d40][pc13!c34!c50!c200!f][iut!ub14!le8,24,8!lk20!lv20!lp14,3,3][J18131995,Y]&pref=G Silver down 15 cents and Gold off $5.50...doesn't look real good but I don't suppose its the most informed and best owners selling here.... Remaining 50% in cash with the rest spread about 40% PM and 60% energy.... Not likely to be an up day, but watch the finish....A strong HUI close would be a welcome surprise....