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

To: SOROS who wrote (23535)	12/18/2004 6:28:08 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

funny how nobody talked about the dangers of being caught "goldless" back in April and May. this kind of talk makes me glad i sold to the people who are now afraid to be goldless, just as they were afraid to hold gold stocks 7 months ago. i predict that these same lemmings will sell me their gold stocks at huge discounts to today's prices before next summer, just as they have the past two years. failing triple tops by the market leader, that's what i'm talkin' about! bigcharts.marketwatch.com

To: SOROS who wrote (23535)	12/18/2004 6:51:36 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

There is one negative for gold and gold stocks that nobody seem to mention. To wit -- even though interest rates remain absurdly low in the US -- the interest rate gap with Europe has been greatly reduced and has widened re: Japan. I am as bullish as anybody on gold longer term. But there was a huge correction during the big 1970s gold bull, and I suspect we are on the verge of a significant shakeout now .

To: SOROS who wrote (23535)	12/18/2004 7:59:36 AM
From: orkrious	Respond to of 110194

It would be great if we were at that point -- stocks not strong, gold strong, stocks continue to plod slowly higher while POG drops in chunks, stocks keep rising, gold drops slow, stocks begin rising in large waves, POG begins to rise, stocks reach mania stage, POG rockets in $50 moves, PM stocks reach dizzying heights that correlate with crying jags by Krudlow and Crammer sounds like the progression of an orgasm <vbg>

To: SOROS who wrote (23535)	12/18/2004 11:02:43 AM
From: longdong_63	Respond to of 110194

Agreed. Don't try to time an exact top or bottom. I let the TA tell me when the right time is to jump in. The boulder of debt is the fundemental reason that gold will go higher but not necessarily the driver behind gold/PM's. The real driver is demand and that comes when bonds are unattractive, stocks are unattractive and there is no where else to put your money to either protect or chase gains. THAT is where the real riot described in the article will take place. Don't get me wrong, I think gold is going to go much higher than current levels. The whole board agrees on that. The question we like to banter about is when.