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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: kodiak_bull who wrote (34348)8/11/2004 2:47:05 PM
From: nspolar  Respond to of 206325
 
Kb, I am not LT positive much of anything, LT meaning for the next year plus. I think that between now and then there will be lot of jacking around, but net down, in most everything. I think later next year is when the big down hit comes.

The next pres no matter who he is will contribute to making next year a bad one. Get the bad out early on will be what he does.

Energy is included in my opinions. The indices have been losing momentum slowly, for a long time.

The difference between me and the real bears is I do not believe any of the major indices will put in a new low. I think we have a major reversal and a huge upswing before that new low comes. New highs will probably be seen in '06/'07 in the energy indices. I view this correction as mean one, before a huge blast.

The only exception I have thought is precious metals, but I have been thinking that for so long and have been so wrong for so long it seems I have to say I am not a good indicator here. I have thought precious metals the only indice that can go counter here, and it eventually will.

Fwiw (not much).