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

To: jimsioi who wrote (14969)	6/5/2004 8:03:38 PM
From: yard_man	Read Replies (1) \| Respond to of 110194

I am not pounding the table to buy ... jimsoi -- I'll be the first to admit I didn't do enough selling in January. Sold most silvers -- should have sold them all (miners) then -- but I'd surely be back in them now ... Puplava and some others a true believers -- and I am, too -- but I like to think I am more pragmatic -- just haven't been as pragmatic as I should've been. Hedgies played the re-flation trade and there were a number that didn't know anything except history -- a cyclical bull -- so when it didn't turn out that way -- they left in droves -- but I remain convinced it isn't cyclical and frankly, gold didn't even run far enough for that, so far. I hold the metal and the shares as a put on the confidence in monetary authorities -- we've had a nice few year rally off the lows for gold -- lots of multi-baggers in shares, but confidence in these officials has not eroded one bit, IMO -- the time will come. Then gold will move -- but for a different reason -- and it will move world-wide -- not just this USD bear everyone is talking about. It's possible OI for the futures has meaning -- haven't backtested that --