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


To: Andrew who wrote (37661)2/16/2006 8:01:25 AM
From: TheBusDriver  Respond to of 60929
 
Well said Andrew. I liked the comment about using french curves for chart analysis! LOL!

Seriously, I have a similar mindset to yours but not quite as much confidence that I am correct. I have been confidently wrong at turning points in the past, so I will probably sit on the fence for the ST anyway.....

>This doesn't change the macro picture though this is just how I see it for the next 6 months or so.

Yep, bull is firmly in place.



To: Andrew who wrote (37661)2/16/2006 9:23:54 AM
From: LaughingBuddha  Read Replies (1) | Respond to of 60929
 
Dear Andrew,

Do seriously believe that the major precious metals indices would be no higher that their highs of a few weeks ago if gold broke $US600?

Sincerely,

LB



To: Andrew who wrote (37661)2/16/2006 1:12:08 PM
From: Sawdusty  Respond to of 60929
 
I hope you are wrong, but fear you are not.

Cheers,



To: Andrew who wrote (37661)2/16/2006 6:17:00 PM
From: SwampDogg  Read Replies (1) | Respond to of 60929
 
This is nothing like Dec 2003. That was the end of a 3 year bull move and stocks had moved 1000% in many cases.
We have now had a nice 7 month rally that came on the heels of an 18 month huge consolidation. Corrections should now be short (this one 2-4 months at the most if that). This bull move over the next couple of years should make 2001-03 look like nothing.
This time should be different as it is a Wave 3 just as this time has been different in energy, real estate etc etc.
Top callers may be right for days or weeks but should be proven wrong again and again as the metals and stocks go to levels that are beyond absurd.
Weaker energy prices (short-term possibility) would be bullish for metals as costs go down and the competition for investment dollars falls as well (investors moving from oil to gold)
A lower C$ is unlikely but would be bullish for Canadian mining companies and investors.
All in all talk yourself out of the bull all that you want, the market doesn't care.

BTW Gold at $600 means $HUI 400 and gold at $600 is way too low for this year IMO. $750 minimum.