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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (51078)	6/18/2004 1:07:57 PM
From: Bert	Respond to of 74559

PAL should do very well in the weeks to come, double bottom on the weekly here, MACD bottomed. Bert

To: energyplay who wrote (51078)	6/18/2004 5:41:14 PM
From: Taikun	Read Replies (4) \| Respond to of 74559

I added PAL, PAAS today. ;) By the way, Jim Rogers (Author:Adventure Capitalist) was on CNBC Europe last night. Key points: -rally in commodities to last 10-15yrs -this will mirror late 70's when other markets languished and commodities appreciated -sees 5-7x growth for commodities during this run -plans to sell US stocks by year end and short dollar -likes commodity currencies like Australia, S. Africa, Canada Recommended sugar, orange juice, cotton futures on China demand. (Side note: RSI_U.TO yields 10.5%) Talked about shortage of lead etc, lead mines. Sees oil and gas strong. Thought that the commodities futures themselves would be better than the stocks. Said that over the very long term gold would be good, but not in the short to medium term to to CB selling, Waiting on China to fall before buying *** Incidentally, Elliott Wave's Robert Pretcher has a gold and silver forecast for a 'countertrend rally' and short bounce to $400, possibly slightly over that, then a continued bear market, for gold, ditto silver (to about $6.58).