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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (198)	7/19/2005 5:21:27 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 50673

Agree. BTW, since your call to sell osx at the high about 4 months ago anyone who held thru the significant correction is just now getting even. Traders who bought more at the bottom did quite well. Today's monster rally was not confirmed by a new high in crude or NG despite the loss of 480k bbl of oil per day from the storm. looked like a great day to short osx, IMO. i did not as my allocation is PMs, some jdsu and mirkq. Looking for north of $2 on mirkq minimum.

To: SliderOnTheBlack who wrote (198)	7/19/2005 6:53:02 PM
From: isopatch	Read Replies (2) \| Respond to of 50673

More evidence of Dollar weakness and PM stock strength ahead, AND.... a time table for the convenience of threadsters:o), as the FED shows it's hand in the MZM trend. This is a very important chart when it comes to assessing the emerging supply/demand picture for our currency, making it more or less desirable to hold vs assets in the PM sector. Not only R we nearing the MZM highs for 2005, but by also scrolling down we can see that the recent MZM low for the year dovetails almost to the day with the PM sector washout low in May. research.stlouisfed.org So.... What does this mean to my gold stocks NOW, folks may ask?<g> First it's important to keep in mind that changes in monetary policy work with a lag. The financial markets react long before the real economy is effected. Economists have traditionally used a 12 month lag between the onset of a significant change in monetary conditions and changes in the real economy. While the stock market was assigned a 3-6 months lag. IMO, the extreme debt leveraged condition of the markets, AWA the real economy, that's developed in the past 10 yrs has telescoped those time frames. I've been using a 3 month lag for the US Dollar and the PM stocks. Bottom line? Savvy investors and IT (those with at least multi-month holding periods) traders should stick to the prudent course of adding to their fav PM stocks at the bargain prices being offered to us in these periodic Summer dips. These dips ARE gifts, people! By late this year, your less perceptive friends will be kicking themselves that they didn't take advantage of these opportunities. Cheers, Isopatch