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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Yogizuna who wrote (4608)3/29/2006 5:22:50 PM
From: Andrew  Read Replies (2) | Respond to of 48092
 
Indeed, even very market savvy individuals I know of are becoming very complacent and are just long long long.

However the bullish case, NASDAQ 5 year high today.

DJIA broke out over 11000 recently finally a few weeks ago. Remains to be seen if it holds. IMO is headed toward the all time highs and really when you look at 7 years worth of the DOW it has done nothing other than the sharp corrections

The fed remarks yesterday, mentioning inflation and further rate hikes needed IMO is bullish long term for Gold. We are moving from deflation fears to inflation talk. Major shift. As we all know Japan is also coming out of its long deflationary period.

Doesn't mean we dont have some ugly short term corrections IMO. Perhaps soon. I think we have to be alert here going forward now. There are problems out there like GM which might be headed to zero. Maybe Ford too.



To: Yogizuna who wrote (4608)3/29/2006 6:15:02 PM
From: Louis V. Lambrecht  Read Replies (2) | Respond to of 48092
 
Pooties? Your worst risk is to lose the price you paid for. But, as you would sleep better .... LOL.
Dunnoh about LEAPS, I'd rather put the correction somewhere in August. October the latest.

But as last year made people do profits and as the indexes keep rising, I think many investors would sell some equities to pay their taxes as late as possible before April 15th. Day+3 in the accounts would mean a black Monday 10th

Which could lead sooner to the expected correction.

Don't know what to do yet.
My historic target of USD 25 for SSRI is nearing.
Should I go cash and hold some pooties through the Summer?
I made an habit of selling my PM positions at the wrong time.
I also bought the dot coms back at the wrong time.