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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (35502)	12/10/2005 11:56:21 AM
From: SwampDogg	Read Replies (1) \| Respond to of 60901

Even the best "timers" are going to be too cautious here. Of course we will see a correction in the POG at some point but I would not be surprised to see many gold stocks go up while the metals come down. Just getting ready to buy more and certainly not selling any. This move in gold could go anywhere. Yesterday coould have been it or we could see another $150. Silly to talk about being overbought as these indicators always fail in a trend. Oil stocks did not "confirm" the move in oil a couple of years ago and then wham! My strategy has been to move towards juniors with very good prospects that have not moved much over the last year. If we get a correction they have nowhere to fall to and if gold keeps going they will participate. If we do have a strong correction I will look more at the majors again. FWIW IMO we go higher before a pullback after perhaps some sight weakness early in the week. Example Low volume may signal running correction. Cleraly looks like we are in a wave 4 in the IT off the Oct low. stockcharts.com

To: TheSlowLane who wrote (35502)	12/10/2005 12:17:19 PM
From: SwampDogg	Read Replies (5) \| Respond to of 60901

Barbera is very good but his comments are classic of somebody out of a bull market too early. Unless one is long the metals on margin there is absolutely no reason to sell this market unless the $XAU falls below the 110-115 area. The amount of support in that area should be huge. Bull markets drop very good traders along the way. Barbera may be bang on here but until that support goes one should be long. Barbera is talking $XAU 100-105. That is back in the huge consolidation and would be a blow to the whole bull IMO. This is classic of "Bulls" not believing their own bull. Paplava is out of his stocks and can't believe that money is coming into his funds. This is funny. In a Wave 3 recognition rally the public comes in for the first time. Selling on confirmation of a bull market is goofy. We just broke out of a huge flat correction and these guys are totally out. Good luck to them buying back at higher prices. If I had to guess we see $545+ before the end of the year. I must say that I am surprised at these guys. Too smart for their own good I guess. Barbera has written about one of the biggest bulls in history over the next few years and he gets out becuase of a possible shakeout. I guess he doesn't see that he has been shaken even before a technical trend break. Sinclair and his trendlines are the way to go or as Dines always says "look...don't think" Once again if these guys are right kudos to them but the risk for the investor over the coming years is almost certainly being out. Classic how there are few bulls just when we are getting warmed up. We talked about the $XOI chart perhaps being like $POG. We would be in the first parabolic rise in 2003. More to go before a running correction. stockcharts.com[m,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G